Northern Lion announces that it has arranged a non-brokered private placement of up to 5,555,555 units of the Company at a price of $0.45 per Unit for gross proceeds of up to $2,500,000. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder to purchase an additional common share at a price of $0.55 for a period of twelve months from the closing [...]
Northern Lion wishes to announce the receipt of the preliminary gold assays from the first hole to test the St. Nikolas project in the Republic of Cyprus. The St. Nikolas project forms part of the Company's existing land package of 19 permits covering over 53km2.
Northern Lion wishes to provide this update on exploration activities on the Company's permits within the Republic of Cyprus. Hy-Tech Drilling Ltd. of Smithers, BC, Canada, commenced the 2011 drill program in February, and are currently halfway through the planned program. Logging and sampling of the core is ongoing and samples are being shipped on a weekly basis to ALS Chemex in Romania for analyses. The Company [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/01/11 -- Northern Lion Gold Corp. (the 'Company' or 'Northern Lion') (TSX VENTURE: NL)(FRANKFURT: N3E) wishes to announce that the Company has entered into a contract with Geotech Airborne Malta, Limited ('Geotech') to carry out a VTEM survey of the Company's western permits in the Republic of Cyprus.
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