Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 ValueProon Jan 12, 2023 7:58pm
109 Views
Post# 35219949

RE:RE:RE:RE:RE:RE:RE:RE:groundhog day

RE:RE:RE:RE:RE:RE:RE:RE:groundhog dayO.k., I've sorted out what my confusion is. 

1) I thought you were talking about a finder's fee for the most recent financing.  You are not.

2)  In reviewing both companies' press releases concerning the transaction, it appears that BOTH are paying a finder's fee. 

a)  Reyna says, "In connection with the Acquisition Agreement, the Company has agreed to a 5% finder's fee in shares
and cash."

b) NLR says, "The Company has agreed to pay a finders fee to an arms-length party of $40,000 paid in common shares of NLR."

I do not know for a fact, but it makes sense that the finders fee goes to the same party who made the initial introduction leading the now abated partnership.  If this remains important to you, I suggest you follow up on SilverSams suggestion and call or email the company.

Congratulations on your purchase today.   I hope you make a mint.

VP in AZ





<< Previous
Bullboard Posts
Next >>