TORONTO, ONTARIO — (Marketwired) — 08/23/13 — Pierre Caland of Ruttimattstrasse 16, Gstaad, Switzerland, 3780, today announced that he has acquired and assumed direction and control through an inheritance of the following securities of Northern Gold Mining Inc. (TSX VENTURE: NGM) (the „Reporting Issuer“):
The details of Mr. Caland-s ownership interests in the Reporting Issuer are as follows:
Mr. Caland is the ultimate sole beneficial shareholder of, and exercises complete voting control over, Wallington and Bomoseen.
In the aggregate, Mr. Caland has registered and beneficial ownership and control of 34,905,515 Shares, which represents approximately 12.83% of the issued and outstanding Shares on a non-diluted basis, and beneficial ownership and control of 3,750,000 Warrants.
Assuming the exercise of the Warrants, Mr. Caland would directly and beneficially own an aggregate of 38,655,515 Shares, representing approximately 14.01% of the issued and outstanding Shares on a partially-diluted basis.
The Shares and Warrants are being held for investment purposes. In the future Mr. Caland may, depending on market and other conditions, increase or decrease his beneficial ownership of securities of the Reporting Issuer.
Contacts: Peterson Law Professional Corporation Dennis H. Peterson (416) 777-6772 390 Bay Street, Suite 806 Toronto, Ontario M5H 2Y2
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