03:57 PM EST - MDN Inc. : announced that it has the option to acquire the 50.71-square-kilometre Nikonga property, located 40 km southeast of the Tulawaka mine, in Tanzania. After entering into an agreement with Mbogo Resources Mining for the PL 4727 prospecting licence, MDN succeeded in negotiating agreements for the three artisanal primary mining licences (PML) on the property. Together, these agreements grant MDN an option to acquire a 100% interest in all the permits in exchange for a schedule of payments totaling $615,000 over five years. MDN Inc.
shares T.MDN are trading up $0.01 at $0.50.
