Penny Stock North Springs Resources Corp. (NSRS) ended 20.91% Higher in Thursday’s Trading; enters in a Letter of Intent with Vendor
Shares of North Springs Resources Corp. (OTC: NSRS) surged in Thursday’s trading session. The penny stock of North Springs ended the day 20.91% higher at $0.520, with volume up from daily average of 26.21 million to 27.43 million.
North Springs today announced that it entered into a Letter of Intent with a private third-party vendor to acquire a 10% interest in an option on four producing gold properties and a new milling facility in Chihuahua, Mexico. The four properties, in aggregate, are believed to hold an estimated inferred gold resource in excess of 1,000,000 ounces.
Harry Lappa, president of North Springs Resources, said that the potential acquisition is shaping up to be the company’s largest and most important one yet and the opportunity to acquire a relatively large interest in a one million plus ounce operating gold mine is the type of transaction that, if successful, could form the foundation of the company for many years to come.
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Posted by Wise Ahadzi
on Friday, February 17th, 2012. Filed under Internet, Technology.
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