"In keeping with the company’sobjective of progressing its Mt...

"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....