11:43 AM EST - Northern Tiger Resources Inc. : announced the acquisition through staking of two new 100% owned properties, the KORAT and BIRMAN properties, near Underworld Resources' White Gold property, roughly 90 km south of Dawson City, Yukon, Canada. In addition, 14 claims were added contiguous with Northern Tiger's principal gold property, Sonora Gulch and 42 claims were added to Northern Tiger's DAD property. The Company has agreed to issue a total of 100,000 Class "A" Common Shares and grant a 1% net smelter return royalty on each of the properties to an arm's length consultant in consideration for services rendered in identifying the target properties. 0.5% of the net smelter royalty return may be repurchased for $500,000. The common shares have a deemed price of $0.20 per common share, will be subject to a four-month restricted period and will be issued pursuant to exemptions from prospectus and registration requirements. Northern Tiger Resources Inc.
shares V.NTR are trading down $0.01 at $0.20.
