mt carlton drilling program, page-7

"In keeping with the company’s
objective of progressing its Mt Carlton project, the disposal will allow the company to direct
its personnel and material resources to the current gold/silver/copper development. As
consideration for the sale, Conquest will receive 5 million fully paid shares and 5 million
options in Northern Resources Ltd. The purchaser proposes to combine these tenements
and other assets in a new IPO."

That IPO could be worth keeping an eye out for....