VANCOUVER, May 6 /CNW/ - Minto Explorations Ltd. announces that it has acquired 1,500,000 common shares of Northern Tiger Resources Inc. The shares were acquired pursuant to a private placement transaction at a price of C$0.20 per share which closed on May 3, 2010.
As a result of this acquisition, Minto Explorations holds or has control over, as at the date hereof, an aggregate of 7,743,878 common shares which holdings represent approximately 12.3% of the issued and outstanding shares of Northern Tiger, on a non-diluted basis.
Minto Explorations acquired the securities of Northern Tiger for investment purposes only and not for the purpose of influencing control or direction over Northern Tiger. Minto Explorations may, subject to market conditions, make additional investments in or dispositions of common shares of Northern Tiger.
SOURCE MINTO EXPLORATIONS LTD.
For further information: For further information: Minto Explorations Ltd., Stephen P. Quin, President & CEO, (604) 684-8894