North of 60 Mining News - The mining newspaper for Alaska and Canada's North

North Arrow sells Redemption royalties


Last updated 1/31/2016 at Noon

North Arrow Minerals Inc. Jan. 25 reported an agreement has been reached to sell royalty interests in its Redemption diamond project to Umgeni Holdings International Ltd. for C$800,000.

Redemption is located in the Lac de Gras region of the Northwest Territories, roughly 32 kilometers (20 miles) southwest of the Ekati diamond mine.

"This agreement with Umgeni represents a non-dilutive hard-...

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