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North Arrow Acquires Options to Earn Interest in 3 Canadian Diamond Projects

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North Arrow Minerals Inc. (NAR.V) intends to complete a $3 million non-brokered private placement and has entered into an assignment agreement with 0954506 B.C. Ltd. under which BCCo has agreed to assign and transfer to North Arrow all of BCCo's interest and obligations in certain option agreements with Stornoway Diamond Corporation.

Upon closing of the assignment, North Arrow will have options to earn an 80% interest in each of the Qilalugaq, Pikoo and Timiskaming diamond properties by completing exploration work programs on each of the projects.

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

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