• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Northern Skye Signs Joint Venture Option Agreement with Paragon Minerals

    Investing News Network
    Mar. 19, 2012 07:04AM PST
    Gold Investing

    Paragon Minerals Corporation (TSXV:PGR) entered into an option agreement with Northern Skye Resources Inc. for Paragon’s 100%-owned JBP Linear Gold Project.

    Paragon Minerals Corporation (TSXV:PGR) entered into an option agreement with Northern Skye Resources Inc. for Paragon’s 100%-owned JBP Linear Gold Project.

    As quoted in the press release:

    The option agreement gives Northern Skye the right to earn an initial 70% interest in the JBP Linear Project by spending $2.0 million on exploration over four years with a firm $250,000 exploration expenditure commitment in the first year. The agreement also calls for Northern Skye to make cash payments totaling $250,000 and share payments totaling 1,000,000 shares of Northern Skye to Paragon over the four year initial earn-in period. Northern Skye will be the operator during the earn-in period and maintain the property and underlying agreements in good standing.

    Paragon President and CEO, Michael Vande Guchte, said:

    “We are pleased to welcome Northern Skye as a new exploration partner in Newfoundland.””Northern Skye has an impressive management team and we look forward to advancing the JBP Linear Gold Project with them”. This agreement will allow Paragon to continue to focus on its 100%-owned South Tally Pond VMS project in central Newfoundland. Northern Skye is a privately held Canadian company which will be seeking a listing on a Canadian Exchange.

    Click here to read the Paragon Minerals (TSXV:PGR) press release
    Click here to see the Paragon Minerals (TSXV:PGR) profile.

    tsxv:pgr
    The Conversation (0)
    Go Deeper
    AI Powered
    Pinnacle Increases Non-Brokered Private Placement

    Pinnacle Increases Non-Brokered Private Placement

    Four hands holding puzzle pieces together.

    Strategic Partnerships Pave Path to Production, Early Cash Flow

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    Ă—