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BRIEF-Northern Mining says co to acquire the remaining 51 pct of Northland Resources

Published 14/12/2015, 04:36 pm
© Reuters.  BRIEF-Northern Mining says co to acquire the remaining 51 pct of Northland Resources
NMI
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Dec 14 (Reuters) - Northern Mining Ltd NMI.AX :

* Restructuring of Northland Resources NMI.AX

* Northern Mining to acquire the remaining 51% of Northland Resources

* Northland resources to hold a 50% interest in arcatamu goldmine project in Tuoli County

* Says both parties are to contribute 50-50 to the exploration budget which will be administered by an operating committee

* Under restructuring agreement, Northland Resources has terminated its gold concession situated in Xinyuan County

* Northland resources will enter into a mining contractual joint venture agreement with Xinjiang Nanwo Mining Limited

* Source text for Eikon ID:nASX7l1htq

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