North Arrow Options Snowbird Nickel Project

By MT Newswires,  August 03, 2012, 03:48:09 PM EDT

North Arrow Minerals Inc. (NAR.V) has entered into an option agreement with Strongbow Exploration Inc. whereby North Arrow can earn a 50% interest in Strongbow's Snowbird nickel project.

Under the terms of the option agreement and subject to North Arrow completing an equity financing by December 31, 2012, North Arrow can earn a 50% interest in the Snowbird project by incurring $4 million in exploration expenditures prior to December 31, 2016, including a firm commitment to spend $30,000 prior to December 31, 2012.

The Snowbird project covers approximately 16,000 hectares along the southern extent of the Snowbird Tectonic Zone in northern Saskatchewan and southern Northwest Territories.

NAR shares last traded at $0.075.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

How Canada's Immigration Debate Differs From The United States'
How Canada's Immigration Debate Dif...
Could Canada's Start-Up Visa Program Lure Innovators Away From U.S.?
Could Canada's Start-Up Visa Progra...
A Million Bucks Ain't Enough
A Million Bucks Ain't Enough        
Woman Who Made Six Figures Is Now Homeless
Woman Who Made Six Figures Is Now H...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.16 0.07  0.24%
BAC $ 13.21 0.14  1.07%
SIRI $ 3.34 0.07  2.14%
MU $ 13.24 0.48  3.76%
MSFT $ 34.99 0.59  1.72%
S $ 7.22 0.10  1.37%
CSCO $ 24.70 0.61  2.53%
INTC $ 25.10 0.18  0.72%