0.025- Nuinsco & Ocean Partners Complete Transfer of Ownership of Chibougamau Assets to CBay Minerals.
- Prairie Lake Property ETMI increased to 515-630 million tonnes.
- Nuinsco closed sale of Cameron Gold Project Royalty for cash proceeds of US$ 5.1 M.
- Nuinsco acquired royalty held by Trend Mining Co. on Diabase Peninsula Property.
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Nuinsco Resources Limited (NWI:TSX) has over 40 years of exploration success and is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada and internationally. In addition to its property holdings in Ontario, Saskatchewan and Turkey, Nuinsco owns common shares in Coventry Resources Inc. (TSX-V:CYY) and Victory Nickel Inc.(TSX:NI), and a 50% interest in CBay (50% Nuinsco, 50% Ocean Partners), a private company that is a dominant player in Quebec’s Chibougamau mining camp with assets including a permitted mill and tailings facility, eight past-producing copper/gold mines and a 96,000 acre land position. Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.
Investment highlights:
- One of Canada's most experienced exploration companies.
- Proven management team.
- Active board of directors with financial, exploration, development and operating expertise.
- Balanced commodity and jurisdictional risk through exposure to a variety of metals & countries.
- Strategic equity investments that can be monetized to finance exploration programs to limit dilution to shareholders.
- Has successfully spun out assets to create value for shareholders.
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Dominant asset position in Chibougamau region provides perfect vehicle for revival of significant Canadian copper/gold mining camp.
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The annual meeting of shareholders will be held
at The Toronto Board of Trade
1 First Canadian Place, Toronto, Ontario
Friday, June 28th, 2013 at 4:00 p.m. (local time).
