Northern Lion Gold Executes Definitive Agreement with Centerra, Begins Exploration Program

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Northern Lion Gold Corp. (NL.V) announced a letter of intent with Centerra Gold Inc. (CG.TO), it has entered into a binding definitive option agreement with Centerra Gold ( KB ) Inc., a subsidiary of Centerra. Pursuant to the agreement, Centerra can earn a 51% to 70% interest in a number of the company's exploration permits located in the Larnaca and Paphos Districts of the Republic of Cyprus.

The company also announced the initiation of a joint exploration program with Centerra in the Republic of Cyprus.



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This article appears in: Investing , Commodities

Referenced Stocks: KB

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