Projects
Secret Pass Gold Project
The Transaction
Northern Lights entered into a definitive agreement, executed on July 12, 2019, with a private Arizona resident (the “Seller”) to acquire 100% interest in the Secret Pass Gold Project.
Total consideration paid for the 100% ownership of was US$400,000 and 2 million shares of Northern Lights Resources Corp.
Northern Lights completed the transaction in January 2020. Other than the applicable Arizona State and BLM mineral production royalties there are no third party royalties' payable on revenues produced from the Secret Pass Gold Project.