Northern Iron Agrees To Sale Non-Core Properties For $5 Million

Northern Iron Corp. (TSXV:NFE,OTCQX:NHRIF,FWB:N8I)  announced it has signed an asset purchase agreement to sale the El Sol and Whitemud Properties for$5,000,000.

As quoted in the press release:

 The full sale price will be paid on successful completion of OIMI’s exclusive four month due diligence and transfer of property titles.

This agreement represents the first step in OIMI and Northern’s collaboration in developing the district and acquiring the strategic funding required for building the mining infrastructure in the area.

Click here to read the Northern Iron Corp. (TSXV:NFE) press release.