News Release
Northern Tiger Resources Inc. To Trade On TSX Venture Exchange
NORTHERN TIGER RESOURCES INC. ("NTR")
BULLETIN TYPE: New Listing-Shares, Private Placement - Non-Brokered
BULLETIN DATE: June 27, 2008
TSX Venture Tier 2 Company
Effective at the opening June 30, 2008, the Class A common shares of the Company (the Common Shares) will commence trading on TSX Venture Exchange. The Company is classified as a 'mining' company.
Pursuant to a Plan of Arrangement (the Arrangement) involving Firestone Ventures Inc. (Firestone), Firestone transferred to the Company its Canadian mineral properties located in the Yukon Territories and Alberta. Under the Arrangement, a total of 13,031,634 Common Shares of the Company were distributed to shareholders of Firestone at a deemed price of $0.30 per share, in proportion to their shareholdings in Firestone as at June 20, 2008, on the basis of one-fifth of one Common Share of the Company for every one Firestone common share held.
Immediately upon closing of the Arrangement and the non-brokered private placement, referred to below, the Company closed an arm's length acquisition (the MintoEx Acquisition) of the Dawson Range Properties located in the Yukon Territories and data sets from Minto Explorations Ltd (MintoEx), a wholly owned subsidiary of Sherwood Copper Corporation, a company listed on the Exchange. The purchase price for the MintoEx Acquisition was $1,300,000 satisfied through the issuance of 4,343,878 Common Shares at a deemed price of $0.30 per share. These shares are subject to Tier 2 Value Escrow Agreement, whereby the shares are releasable over a three year period.
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Greg Hayes Y 107,300
Lori Walton Y 104,400
Brad Mercer Y 55,000
Pamela Strand Y 36,400
Jesse Duke Y 17,700
Darcy Ogrodnick Y 20,000
Minto Explorations Ltd Y 4,343,878
For further information, please refer to Firestone's Information Circular dated May 23, 2008 and filed on SEDAR, as well as Firestone's news releases dated March 3, May 27, June 13, and June 23, 2008.
Private Placement - Non- Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement for the Company announced in a news release issued by Firestone on May 27, 2008. The Private Placement involved the issuance of Common Shares issued on a flow-through basis at a price of $0.33 per share, as well as units of the Company issued at a price of $0.30 per unit, each unit consisting one Common Share and one-half of one share purchase warrant (the Warrant), each whole Warrant entitling the holder to purchase one Common Share at a price of $0.45 per share until June 24, 2010.
Number of Shares: 1,717,686 Common Shares
5,300,915 Common Shares were issued on a flow-through basis
Purchase Price: $0.30 per share
$0.33 per share issued on a flow-through basis
Warrants: 858,847 share purchase warrants to purchase 858,847 Common Shares until June 24, 2010
Warrant Exercise Price: $0.45 for two years
Number of Placees: 40 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Robert Disbrow P 208,333
189,394 (ft)
Eric Savics P 208,333
189,374 (ft)
Thomas Relling P 208,350
189,400 (ft)
Sheri Weichel P 208,335
Lori Walton Y 30,000
Greg Hayes Y 100,000
Jesse Duke Y 17,000
Brad Mercer Y 25,000
30,000 (ft)
Darcy Ogrodnick Y 20,000
Pamela Strand Y 20,000
Bernard Laroux P 189,395 (ft)
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the Private Placement and setting out the expiry dates of the hold period(s).
Corporate Jurisdiction: Alberta
Capitalization: Unlimited Common Shares with no par value of which 24,394,113 Common Shares are issued and outstanding.
Escrowed Shares: 4,343,878 Common Shares
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: NTR
CUSIP Number: 665831 10 3
Company Contact: Greg Hayes, President
Company Address: 220, 17010, 103rd Ave., Edmonton, Alberta T5S 1K7
Company Phone Number: (780) 428-3465
Company Fax Number: (780) 428-3476


