BULLETIN V2026-3085
NORTHERN SHIELD RESOURCES INC. ("NRN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 30, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange ("Exchange") has accepted for filing documentation the Option Agreement, dated February 25, 2026 ("Agreement"), among the Company, its wholly-owned subsidiary, Seabourne Resources Inc. ("Seabourne") and an arm's length party (the "Vendor"). Pursuant to the terms of the Agreement, the Company has acquired, through Seabourne, the right to earn up to an undivided 100% interest in the licenses, together with all mineral rights and other rights pertaining to the Point Rosie/Feeder Brook property (the "Option"). In order to exercise the Option, the Company will pay to the Vendor an aggregate cash amount of $153,835 over a four-year period, and issue up to 2,650,000 common shares of the Company ("Shares") over a four-year period.
Upon commencement of commercial production from the property, Seabourne shall pay to the Vendor a royalty in the amount of 2.0% Net Smelter Returns ("NSR"), provided that Seabourne shall have the pre-emptive right prior to commencement of Commercial Production to buy-down the NSR from 2.0% to 1.0% for a cash payment of $1,500,000.
For further information, please refer to the Company's news release dated February 27, 2026.
_______________________________________
|
|
