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Northern Lights Resources Corp C.NLR

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp. is an exploration and development company. The Company is engaged in advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and Caldera Copper Project located in Lincoln County, Nevada. The Secret Pass Gold Project totals over 271 hectares (ha) comprised of one State mineral license (212 ha) and eight Bureau of Land Management mineral claims (65 ha). The Caldera project consists of over 55 BLM mineral claims with a total area of approximately 418 hectares. It also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada. The Medicine Springs Project is located on the eastern edge of the Carlin Trend in southeastern Elko County, Nevada. Medicine Springs is a district scale exploration project comprising over 599 mineral claims over a total area of approximately 4,830 ha. It also has an option agreement to acquire a 100% interest in the Horetzky Copper Project located in the Babine porphyry copper belt.


CSE:NLR - Post by User

Comment by realtyon Jan 06, 2023 6:19pm
113 Views
Post# 35208092

RE:RE:RE:RE:RE:Headline the $43,000 Debt Settlement

RE:RE:RE:RE:RE:Headline the $43,000 Debt Settlement There is no hold or lockup period on debt that is converted to shares at this time under the agreement.  It is definitely the Investor selling the shares through Velocity.  I would like to see the debt converted at a higher share price than .00881 American Dollars.  That is low, especially when the American share price is 2 cents.  At a two cents share price the Investor can still convert the debt into approximately 15-16  million shares until the debt is satisfied.  What I am wondering is who is buying all these shares up?  I know once the debt is settled that there is tremendous upside in the share price, but you have to be pretty astute to figure all this out and then basically you are betting that Reyna silver has made a discovery at Medicine Springs or one of their other projects will bring Reyna tremendous share price growth.  Maybe there are people in the know that know Reyna has made a discovery at Medicine Springs??    Realty
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