Prior to this disposition, the Company beneficially owned, and had control and direction over 10,800,000 common shares of Rockland, constituting approximately 15.6% of Rockland's total issued and outstanding shares. These shares were initially acquired by Northern Superior, along with a cash consideration and a
This press release is being issued as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues . The Company will file an Early Warning Report (the ' Report ') on Sedar+ under Rockland's issuer profile. The Company may dispose of additional shares of Rockland either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans, or other relevant factors.
About
Northern Superior is a gold exploration company focused on the Chibougamau Camp in
Northern Superior is a reporting issuer in
Northern Superior announces 1,708,809 gold ounces in inferred category and 278,921 gold ounces in indicated category at 1.10 g/t in maiden NI 43-101 pit constrained resource estimate at Philibert;
NI 43-101 Technical Report Mineral Resource Estimation for the Chevrier Main Deposit, Chevrier Project
Contact:
President and Chief Executive Officer
Tel: (647) 801-7273
Email: info@nsuperior.com
Cautionary Note Regarding Forward-Looking Information
This news release contains 'forward-looking information' within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the proposed transaction and any other information herein that is not a historical fact may be 'forward-looking information'. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'interpreted', 'management's view', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward- looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Northern Superior, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of the parties to execute the proposed transaction. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither party nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information.
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