Northern Superior Sets Distribution Ratio for ONGold Shares

Northern Superior Resources Inc. has announced the distribution ratio for its shareholders regarding common shares in ONGold Resources Ltd. As per the plan, each Northern Superior shareholder will receive 0.19574366 ONGold shares per common share held. The distribution follows the statutory plan of arrangement with IAMGOLD Corporation, set to complete on December 19, 2025. The record date for determining shareholder eligibility is December 18, 2025.

This strategic distribution is expected to occur simultaneous with the closing of the arrangement under the Business Corporations Act in British Columbia. The announcement indicates compliance with customary closing conditions, illustrating Northern Superior's ongoing commitment to exploring gold resources, especially within the Chibougamau Camp in Québec.