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[juspam1]

Northern Miner: MIS/KL partnership

JV Article: Kirkland Lake Gold partnership could lead to world-class discoveries, says Stephen Stewart of Orefinders and Mistango

Stephen Stewart, CEO of Orefinders Resources and chairman of Mistango River Resources, at the entrance to Mistango's Kirkland Lake West project in Ontario. Credit: Mistango River Resources.

BY: NORTHERN MINER STAFF MAY 30, 2021

A new strategic partnership and equity investment by Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) into Orefinders Resources (ORX: TSXV) and Mistango River Resources (CSE: MIS) will allow the two Canadian juniors to “unlock the full potential of their assets,” says Stephen Stewart, CEO of Orefinders and chairman of Mistango.

Under the proposed partnership agreement, Kirkland Lake Gold has acquired a 9.9% stake in each of the juniors. Additionally, Kirkland Lake will also have the option to acquire up to a 75% interest in specific projects under the companies’ portfolio of assets in exchange for a total combined $120 million investment. This is the second high-profile investment that Orefinders and Mistango have received in the last year as billionaire investor, and former chairman of Kirkland Lake Gold, Eric Sprott has made four separate investments into the two companies over that period.
ETC

Link: https://www.northernminer.com/joint-venture-article/jv-article-kirkland-lake-gold-partnership-could-lead-to-world-class-discoveries-says-stephen-stewart-of-orefinders-and-mistango/1003831357/

[Zooloo]

Sure Mistango and Orefinders but curious that on Canadian Insider SS bought 400,000 ORX over the last little while and no Mistango. Not sure if that means anything but could augur well for ORX. Still a double bottom (of sorts) in ORX at .07 and also an inverse head and shoulders on the one year chart although I'm not a real strong believer in technical analysis for junior stocks. Selling

[labrador6]

Why SS bought ORX shares and no Mistango? Because he can not buying MIS share according to the Securities laws. He explained it in an interview on Mining Stock Education.com

[Zooloo]

Thanks, Labrador. Well, maybe not so curious but still good news that he bought 400,000 ORX. The rest of the post stands, I guess.