Northern Superior Upsizes ONGold Financing

Northern Superior Resources (TSE:SUP) has released an update.

Northern Superior Resources Inc. has announced an increased financing from C$3 million to over C$5.25 million for its spinout company, ONGold Resources Ltd., due to high demand from gold investors. The TSX Venture Exchange has conditionally approved the sale of Northern Superior’s Ontario exploration properties to BCCo. The completion of this transaction, expected by April 30, 2024, will result in Northern Superior owning a significant share of BCCo and the anticipated launch of ONGold’s common shares on the Exchange.

For further insights into TSE:SUP stock, check out TipRanks’ Stock Analysis page.