Northern Star

Canaccord Genuity acts as Broker & Adviser to Northern Star Resources with regard to the AUD$23 million strategic investment in Echo Resources

Canaccord Genuity is pleased to announce the completion of a strategic investment by Northern Star Resources in Echo Resources conducted via a block trade of 80 million new fully paid ordinary shares at an acquisition price of AUD$0.29 per share, equating to a value of AUD$23.2 million. Following the transaction, Northern Star Resources holds a 16.4% interest in Echo Resources.  Canaccord Genuity acted as Broker & Adviser to Northern Star Resources.

Northern Star Resources (ASX.NST) is a ~AUD$3.5 billion market capitalised Australian gold producer with a portfolio of low-cost, high-grade underground gold mines located in Western Australia.

Echo Resources (ASX.EAR) is a gold exploration business with a large and highly prospective ground position in the Eastern Goldfields of Western Australia.