Northern Superior Announces Upsizing of ONGold Resources Financing and Receipt of Listing Conditional Approval

Northern Superior Resources Inc. and 1348515 B.C. Ltd. have increased the financing for the upcoming ONGold Resources Ltd. due to strong demand, boosting it from C$3,000,000 to over C$5,250,000. This development follows initial plans for Northern Superior to sell exploration properties in Ontario in exchange for shares in BCCo, significantly impacting the spinout company's financial standing.

The companies have also gained conditional approval from the TSX Venture Exchange for the transaction, with final approval pending standard conditions. The anticipated completion date for the transaction is April 30, 2024, which will result in ONGold's common shares being traded under the symbol "ONAU".

Kyle Stanfield, nominated CEO of ONGold, has expressed gratitude for the considerable interest and looks forward to further collaboration with stakeholders. Additional financing details revealed include the conversion of subscription receipts into common shares, raising substantial proceeds, and the anticipation of closing another tranche of the offering for further funds.

For more information on the Proposed Transaction and financial arrangements, interested parties are directed to the company's SEDAR+ profiles. This marks a significant step towards consolidating Northern Superior's and BCCo's interests, setting a strong foundation for ONGold Resources Ltd.