NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Northisle Copper and Gold Inc.
TSX VENTURE SYMBOL: NCX
MARCH 14, 2014
Northisle Negotiates Loan Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 14, 2014) - Northisle Copper
and Gold Inc. ("Northisle" or the "Company") (TSX
VENTURE:NCX) announces that it has negotiated a loan agreement with certain
insiders, pursuant to which $40,000 will be advanced to the Company, such
advances to be considered secured loans accruing interest at a rate of 12% per
annum to be calculated and paid semi-annually from the date of the advances.
As additional consideration for such advances, the Company has agreed to issue
160,000 "bonus shares" to the lenders pursuant to the provisions of
the TSX Venture Exchange (the "Exchange") Policy 5.1, subject to the
Company receiving acceptance from the Exchange.
Northisle is a Vancouver based junior resource company committed to the
exploration and development of the North Island Copper-Gold Project on Northern
Vancouver Island. The North Island Copper-Gold Project is situated
approximately 15-40 kilometres southwest of Port Hardy and contains the Hushamu
Deposit and five other partially explored copper-gold porphyry occurrences. The
Company has a current resource estimate on the Hushamu Deposit which has been
filed on Sedar. The project is 100% owned by Northisle.
For more information on Northisle and the Hushamu Deposit please visit the
Company's website at www.northisle.ca.
On behalf of Northisle Copper and Gold Inc.
David M Douglas, CA, CFO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking statements. These forward-looking
statements are based upon the reasonable beliefs of Northisle and its
management as of the date of this news release; however, forward-looking
statements involve risks and uncertainties and are based upon factors that may
change and assumptions that may prove, with the passage of time, to be
incorrect as a result of exploration and other risk factors associated with
mineral exploration and development that are beyond the control of Northisle.
Accordingly, undue reliance should not be placed upon such statements. If
factors materially change or assumptions are materially incorrect, the actual
results, performance or achievements of Northisle may be materially different
from any future results, performances or achievements expressed or implied by
such forward-looking statements. Northisle does not undertake any obligation to
update or revise any forward-looking statements to reflect new information,
future events or otherwise, except as required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Northisle Copper and Gold Inc.
INDUSTRY: Manufacturing and Production - Mining and Metals
-0- Mar/14/2014 21:00 GMT
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