Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (21233)	8/29/2016 5:11:38 PM
From: Goose94	Read Replies (1) \| Respond to of 202700

Northern Empire Resources (NM-V) Aug 29, '16 today announced the signing of the definitive agreement related to the sale of the Kiyuk Lake Property to Montego Resources Inc. (MY-Cse), referenced in a July 7, 2016 news release. Under the terms of the agreement, Northern Empire will transfer to Montego all of Northern Empire’s right, title, interest, and obligations in and to the Kiyuk Lake Property (the “Property”) in Nunavut Territory, Canada. In consideration for the interest in the property, Montego will issue to Northern Empire 6,680,000 common shares in the capital of Montego, that number being equal to 19.9 per cent of the issued and outstanding Montego shares following the closing of the Montego financing announced August 24, 2016. Closing of the transaction is subject to receipt of all necessary regulatory approvals. Kiyuk Lake location and title Kiyuk Lake property consists of 57 mineral claims, aggregating 491 square kilometres in southern Nunavut, located 350 kilometres west of Arviat and 400 kilometres north of Lynn Lake. Access is cat train or by air to an ice runway in winter, or by float plane in summer. Northern Empire holds a 100-per-cent interest, subject to a 2-per-cent net smelter return to the original property vendor. About Northern Empire Northern Empire follows the “Project Generator” business model to take advantage of the current market conditions in the resource sector to acquire low acquisition and low holding cost properties with significant exploration potential. Northern Empire’s experienced board and management team feels that executing the Project Generator business model is the most practical way to provide investors the potential excitement and value creation of mineral discoveries, without the financial risks and equity dilution of standard exploration programs. ON BEHALF OF THE BOARD OF NORTHERN EMPIRE RESOURCES CORP. “Michael G. Allen” President and CEO For further information contact: Jeff Sundar, Director Tel: 604 646-8356 northernemp.com