Nortec Ventures Corp. (TSX-V: NVT) has announced the acquisition of the Haukiaho Palladium-Platinum-Gold-Copper-Nickel Project. The company will acquire the project from Vulcan Resources Ltd. Nortec has signed a sale and purchase agreement with Vulcan that will acquire 100% of the Haukiaho Project in exchange for $10 million common shares in Nortec Ventures. Following the issuance of the shares, Vulcan will be one of the major shareholders in Nortec with 9.97% of common shares.
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About Nortec Ventures Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the Kaukua Palladium-Platinum-Gold-Copper-Nickel Project in north central Finland; a 100% interest in the Tammela Lithium-Tin-Tantalum Project in south west Finland; an option to earn 100% interest in the Seinajoki Gold-Antimony-REE Property in western Finland; and also, a minimum 51% interest with an option to earn 90% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada. The Company is continuing to evaluate other potential acquisitions.
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