Nortec Minerals Signs Agreement for $20.5 Million Option of its LK Property

Nortec Mineral Exploration (OTC Other: NMNZF; TSX-V: NVT) has signed an Option and Joint Venture Agreement with Otterburn Ventures Inc., whereby Otterburn can earn up to an 80% interest in Nortec’s Lantinen Koillismaa project, a 100 % owned palladium-platinum-gold-copper-nickel property (“LK Project”), located in north central Finland.

The LK project comprises of the following target areas (exploration claims and exploration claim applications): Kaukua, Haukiaho, Haukiaho East, Lipeavaara, and Murtolampi Targets.

Under the terms of the agreement, Otterburn can earn an 80% interest in the LK Project on payment of $10.5 million in cash and securities to Nortec and by expending $10 million in exploration work within 3 years.

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