Northern Superior Announces ONGold's Completion of Monument Bay and Domain Projects Acquisition in Manitoba
01.01.1970
Northern Superior Resources Inc. ("Northern Superior") (TSXV:SUP)(OTCQX:NSUPF)(GR:D9M1) is pleased to announce that ONGold Resources Ltd. ("ONGold" or the "Company") (TSXV:ONAU)(OTCQB:ONGRF), in which Northern Superior now holds a 62% equity stake, has closed the previously announced transactions to purchase 100% interests in both the Monument Bay Gold Project ("Monument Bay") and the Domain Project ("Domain", and together the "Projects"), both located in Manitoba, Canada, from a wholly-owned subsidiary of Agnico Eagle Mines Limited ("Agnico Eagle"), in the case of Monument Bay, and Agnico Eagle and Capella Minerals Ltd. ("Capella"), in the case of Domain (the "Transaction"). As partial consideration for the acquisition, Agnico Eagle was issued 8.7 million common shares of the Company, representing approximately 15% of ONGold's total issued and outstanding common shares (see details below).
