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NAI

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Share Name Share Symbol Market Type
TSXV:NAI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Northern Abitibi Enters Into an Agreement to Sell Its Interest in the Sarah Lake Nickel Property, Newfoundland

09/07/2013 8:58pm

Marketwired Canada


Northern Abitibi Mining Corp. ("Abitibi") (TSX VENTURE:NAI) is pleased to
announce that it has reached an agreement with Commander Resources Ltd.
("Commander") and Donner Metals Ltd. ("Donner") wherein Commander will acquire
Donner and Abitibi's 100% interest in Mineral License #17714M in Labrador,
subject to Exchange approval. This Claim License adjoins and lies immediately to
the west of Commander's Sarah Lake nickel property located 90 km south of the
Voisey's Bay Nickel Mine. Commander has agreed to purchase their claim in
exchange for 100,000 shares of Commander to each of Donner and Abitibi.
Following completion of the sale, any Joint Venture Agreement between Donner and
Abitibi will be terminated and Commander will hold a 100% interest in the
property.


Upon completion of this acquisition, Commander will hold 100% title to 5,050 ha
of contiguous property in the South Voisey's area. Commander previously
announced (see news release dated May 17, 2013) the purchase of Donner's
interest in 3,550 ha that had been held jointly by Commander and Donner.
Commander also holds 100% interest in four other claim blocks totalling 1,000 ha
located to the east and south of the property.


Shane Ebert, President/Director

The TSX Venture Exchange has neither approved nor disapproved of the contents of
this press release.


Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Northern Abitibi's internal
projections, expectations or beliefs concerning, among other things, future
operating results and various components thereof or the economic performance of
Northern Abitibi. The projections, estimates and beliefs contained in such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Northern Abitibi's actual performance and
financial results in future periods to differ materially from any projections of
future performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other things, those
described in Northern Abitibi's filings with the Canadian securities
authorities. Accordingly, holders of Northern Abitibi shares and potential
investors are cautioned that events or circumstances could cause results to
differ materially from those predicted. Northern Abitibi disclaims any
responsibility to update these forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Abitibi Mining Corp.
Shane Ebert
1.250.964.2699


Northern Abitibi Mining Corp.
Jean Pierre Jutras
1.403.233.2636
www.naminco.ca

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1 Year Northern Abitibi Mining Corp. Chart

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1 Month Northern Abitibi Mining Corp. Chart