Northern Shield Gets Rights to Earn 50% Interest in West Greenland Ikertoq Nickel Project

- February 26th, 2013

Northern Shield Resources Inc. (TSXV: NRN) announced that it has already signed a Letter of Agreement with Greenland Gold Resources Ltd., which enables the company to earn a 50% interest in the Ikertoq nickel project.

Northern Shield Resources Inc. (TSXV: NRN) announced that it has already signed a Letter of Agreement with Greenland Gold Resources Ltd., which enables the company to earn a 50% interest in the Ikertoq nickel project.

As quoted in the press release:

To earn a 50% interest, Northern Shield must incur €1,000,000 ($CDN 1,350,000) within 12 months of signing the definitive Option and Joint Venture Agreement and a further €1,750,000 ($CDN 2,400,000) of exploration expenditures on the project within 3 years of signing.

Click here to read the full Northern Shield Resources Inc. (TSXV: NRN) press release.

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