O3 Mining Inc. (TSX.V: OIII)
03 Mining announced that it has entered into a definitive share purchase agreement with Moneta Porcupine Mines Inc. (TSX: ME), pursuant to which it has agreed to sell its wholly-owned subsidiary, Northern Gold Mining Inc. in exchange for 149,507,273 common shares of Moneta, representing 30.1% of the outstanding Moneta Shares.
Northern Gold owns 100% of the Golden Bear assets, including the Garrison gold project in the Kirkland Lake district of the Timmins gold mining camp in Ontario, Canada. Continue reading →