BULLETIN V2026-3086
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 Property Purchase Agreement, dated February 24, 2026 ("Agreement"), among the Company, its wholly-owned subsidiary, Seaborne Resources Inc. ("Seaborne") and an arm's length party (the "Vendor"). Pursuant to the terms of Agreement, the Company has acquired, through Seabourne, the 100% interest in two mining claims in the province of Newfoundland and Labrador ("Claims") in exchange for $1,500 in aggregate cash consideration and the issuance of 400,000 common shares of the Company ("Shares").
Upon commencement of commercial production from the Claims, 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.
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