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Tag: TSXV:NRT

Big North Graphite (TSXV: NRT) (the "Company" or "Big North"), entered into a Property Purchase Agreement on October 14, 2016 with Trio Resources (OTC: TRII) ("Trio") to acquire its Duncan Kerr Property located in the Cobalt region of Northeastern Ontario, Canada.

As quoted in the press release:

Pursuant to the terms of the Purchase Agreement, Big North will issue to Trio 8,500,000 common shares (the "Payment Shares") in the capital of the Company at a deemed price of $0.15 per Payment Share and will pay Trio certain cash consideration which is payable over a period of 24 months from closing of the Acquisition.

The Company has also entered into a Finder's Fee Agreement with an arm's length third party.  The Company will pay a finder's fee for the Acquisition in shares and/or cash within the maximum amount permitted by the policies of the TSXV.

The Company intends to change its name to "CobalTech Mining Inc." upon completion of the acquisition.

The change of the Company name to CobalTech Mining Inc. will have be subject approval of the TSXV. There can be no assurance that the Acquisition will be completed as proposed or at all.

Click here to read the full text release.

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Big North Sign Definitive Agreement to Acquire Duncan Kerr Cobalt Project

Big North Graphite (TSXV: NRT) (the “Company” or “Big North”), entered into a Property Purchase Agreement on October 14, 2016 with Trio Resources (OTC: TRII) (“Trio”) to acquire its Duncan Kerr Property located in the Cobalt region of Northeastern Ontario, Canada.

As quoted in the press release:
Pursuant to the terms of the Purchase Agreement, Big North

Big North Graphite: Zeroing in on El Tejon Post-Flinders

Flinders Resources’ acquisition of Big North Graphite fell through last fall. However, Big North has by no means been inactive since then. Here President and CEO Spiro Kletas discusses what the company has been up to and why it’s dedicating all its resources to the El Tejon project.

Flinders’ Big North Acquisition Falls Through

Flinders said Thursday that it has terminated its agreement to acquire Big North, citing Big North’s failure “to satisfy the due diligence process” as its reason for doing so. Nevertheless, Spiro Kletas, Big North’s president, CEO and director, doesn’t seem shaken.

Flinders, Big North Graphite to Extend Due Diligence

Big North Graphite (TSXV:NRT) and Flinders Resources (TSXV: FDR) have announced that the companies will further extend the due diligence period regarding their acquisition agreement to January 30, 2015. The entering into a definitive agreement to incorporate the terms of the binding letter has been extended to the same date.

Flinders to Acquire Big North Graphite

Big North Graphite (TSXV:NRT), together with Flinders Resources Limited (TSXV:FDR) have entered a binding letter of intent whereby Flinders will acquire all issued and outstanding shares of Big North via a plan of arrangement under the Business Corporations Act of British Columbia. Big North will become a 100 percent owned

Big North Graphite to Reactivate Permits at el Tejon Mine and Mill

Big North Graphite Corp. (TSXV:NRT,OTC:BNCIF) announced that it plans to reactivate all permits needed to re-start operations at its El Tejon flake graphite mine and mill located in Mexico. The permitting consultants engaged to start the process, Gestion Ambiental Omega SC, expect to have all permits in place within roughly

Big North Graphite (TSXV:NRT,OTC:BNCIF) has released a report prepared by Tetra Tech WEI Inc. regarding Big North’s recently acquired El Tejon project in Mexico. The company commissioned the report as part of its due diligence process for the project.

As quoted in the press release:

In the Report, Tetra Tech stated, “Following the visual assessment made of the process plant and its facilities during the site visit, the following general recommendations can be made. The initial objective should be the restoration of Line 1 to production status at the nominal rate of 250 t/d within a nominal period of (say) 6 months of receiving the decision for the project to proceed. The additional objective is for Line 2 to be operational within say 18 months of the project go-ahead thereby increasing the plant feed rate to 500 t/d capacity.” The full Report is available on the Company’s website, www.bignorthgraphite.com, on the El Tejon Flake Graphite page (http://www.bignorthgraphite.com/s/El-Tejon.asp).

Big North Graphite president and CEO, Spiro Kletas, said:

We are very pleased with the results of the Report. As we have previously stated, our goal is to be amongst the first TSXV graphite companies to produce and sell graphite. While some mill refurbishment is required, all infrastructure is in place at the El Tejon Property. This significantly reduces start up time and cost. The Company will announce further plans as they are finalized.

Click here to read the Big North Graphite (TSXV:NRT) press release
Click here to see the Big North Graphite (TSXV:NRT) profile.

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