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NGM

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Share Name Share Symbol Market Type
TSXV:NGM 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 -

Pierre Caland Acquires Ownership of Securities of Northern Gold Mining Inc.

23/08/2013 6:54pm

Marketwired Canada


Pierre Caland of Ruttimattstrasse 16, Gstaad, Switzerland, 3780, today announced
that he has acquired and assumed direction and control through an inheritance of
the following securities of Northern Gold Mining Inc. (TSX VENTURE:NGM) (the
"Reporting Issuer"):




--  34,905,515 common shares ("Shares"); and 
    
--  3,750,000 Share purchase warrants ("Warrants") exercisable for 3,750,000
    Shares at a price of $0.55 per Share until November 1, 2014.



The details of Mr. Caland's ownership interests in the Reporting Issuer are as
follows:




--  Wallington Investment Holdings Ltd. ("Wallington") owns 6,861,015
    Shares, or approximately 2.52% of the issued and outstanding Shares on a
    non-diluted basis. Wallington also holds 3,750,000 Warrants, or
    approximately 37.43% of the issued and outstanding Warrants; 
    
--  Bomoseen Investments Ltd. ("Bomoseen") owns 625,000 Shares, or
    approximately 0.23% of the issued and outstanding Shares on a non-
    diluted basis; and 
    
--  Mr. Caland is the registered owner of 27,419,500 Shares, or
    approximately 10.08% of the issued and outstanding Shares on a non-
    diluted basis. 



Mr. Caland is the ultimate sole beneficial shareholder of, and exercises
complete voting control over, Wallington and Bomoseen. 


In the aggregate, Mr. Caland has registered and beneficial ownership and control
of 34,905,515 Shares, which represents approximately 12.83% of the issued and
outstanding Shares on a non-diluted basis, and beneficial ownership and control
of 3,750,000 Warrants.


Assuming the exercise of the Warrants, Mr. Caland would directly and
beneficially own an aggregate of 38,655,515 Shares, representing approximately
14.01% of the issued and outstanding Shares on a partially-diluted basis.


The Shares and Warrants are being held for investment purposes. In the future
Mr. Caland may, depending on market and other conditions, increase or decrease
his beneficial ownership of securities of the Reporting Issuer.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Peterson Law Professional Corporation
Dennis H. Peterson
(416) 777-6772
390 Bay Street, Suite 806
Toronto, Ontario M5H 2Y2

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