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Northern Discovery Metals said it entered a purchase agreement with Orogen Royalties to acquire a 100% interest in the Cibola copper-gold project in British Columbia, subject to a 2% net smelter returns royalty and closing conditions. The company will issue 700,000 shares under the agreement.
Northern Discovery Metals said it has agreed to acquire the Cibola copper-gold project in British Columbia, described as a road-accessible porphyry exploration prospect about 90 km south-southwest of Houston.