On June 27, 2007, Northern Lion Gold Corp. (TSX-V:NL; Frankfurt:N3E) announced that it had completed the sale of all of its Finnish mineral properties to Lappland Goldminers AB for $10.46 million, consisting of $5 million in cash and 1,771,726 common shares of Lappland. The proceeds will be used by Northern Lion to explore its mineral properties in other parts of Europe, with particular emphasis on its properties in Portugal.
Susan E. McLeod advised Northern Lion in this transaction.