Mantra Mining Acquires Two Gold Properties In Alaska From NovaGold Resources, Three Polymetallic

Mantra Mining Inc. has closed a deal to acquire five properties from NovaGold and a subsidiary for 3,125,000 shares of Mantra. Two of these properties, Colorado Creek and Tintina, are gold exploration properties; the other three are polymetallic. Both of the gold properties are in the early stage of exploration; the other three have some result that are historical in nature. The news release has details on them all, and notes that the share payment represents about 7% of Mantra's current shares.

Mantra's shares have not traded so far. The current bid is 40 cents, while the current ask is 54 cents. Yesterday's close was 50 cents.

Mantra Mining Inc.'s Google Finance web page is here.

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