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Northern Iron Corp. (TSXV:NFE,OTCQX:NHRIF,FWB:N8I) announced it has acquire four more mining claims in the Red Lake district of Ontario.
Northern Iron Corp. (TSXV:NFE,OTCQX:NHRIF,FWB:N8I) announced it has acquire four more mining claims in the Red Lake district of Ontario.
As quoted in the press release:
These claims are strategic and extend Northern’s claims around the Karas property. In consideration for the 100% interest in the Karas Claims, Northern will issue to a vendor 100,000 common shares of the Company at a deemed price of $0.10 per share.
In addition, Northern has acquired a 100% interest in two mining claims, along with surface rights, adjacent to the past producing Griffith Mine (“Griffith Claims”). In consideration for the Griffith Claims, the Company will issue 1,500,000 common shares at a deemed price of $0.10 per share.
Click here to read the Northern Iron Corp. (TSXV:NFE) press release.