Nickel North Acquires the Nairn Property
August 23 2013 - 5:46PM
Marketwired Canada
Nickel North Exploration Corp. (TSX VENTURE:NNX) (the "Company" or "Nickel
North") is pleased to announce that on August 23, 2013, it acquired all of Sino
Minerals Corp.'s 100% interest in 14 mining claims covering a total area of
approximately 2,860.4 hectares located in the Province of Ontario and known as
the Nairn Property (the "Nairn Property"), subject to a 2% net smelter returns
royalty over six of the claims and third party freehold patent surface rights
over eight of the claims. In consideration for the Nairn Property, the Company
issued to Sino Minerals Corp. ("Sino Minerals") 2,000,000 common shares at a
deemed price of $0.25 per share for a deemed purchase price of $500,000.
Sino Minerals is an affiliate of Goldrock Resources Co., Ltd. and SinoTech (Hong
Kong) Corporation Limited. After this transaction, Goldrock Resources Co., Ltd.,
SinoTech (Hong Kong) Corporation Limited and Sino Minerals Corp., collectively
are the largest shareholders of the Company, and will hold 23,750,000 common
shares of the Company, representing approximately 36.13% of all issued and
outstanding common shares of the Company.
On behalf of Nickel North Exploration Corp.
Phillip Mudry, P Geol., President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nickel North Exploration Corp.
Corporate
604-609-6182
604-899-1240 (FAX)
invest@nickelnorth.com
www.nickelnorth.com
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