Rainy River Will Not Exercise Option in Northern Superior Project; Rainy River Up 4%, Northern Superior Falls 5%
Rainy River Resources Ltd. (RR.TO) has elected not to complete the exercise of its option to earn into a 51% interest in the Ti-pa-haa-kaa-ning which is owned by Northern Superior Resources Inc., (SUP.V) in order to focus efforts on developing its namesake Rainy River Gold Project in Northwestern Ontario.
Rainy River will continue to support Northern Superior by holding its existing common shares of Northern Superior for the foreseeable future.
Northern Superior is now down 5.26% to 9 cents, which is just above a yr low of 8.5 cents.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.