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O3 Mining entered into a definitive agreement to sell its subsidiary Northern Gold Mining Inc., which owns the Garrison gold project in Ontario, to Moneta Porcupine Mines in exchange for 149,507,273 common shares of Moneta, representing a 30.1% stake. The companies will also partner to develop the Timmins gold camp.
“O3 Mining is pleased to announce that it has entered into a definitive share purchase agreement with Moneta Porcupine Mines Inc.”o3mining.mediaroom.com
Summarized from public sources; check the original articles before acting on it.