NORTHERN MINERALS & EXPLORATION LTD. (NMEX): M&A transaction — Northern Minerals acquires working interest in 14 Oklahoma gas wells for $293k; appoints new director

NORTHERN MINERALS & EXPLORATION LTD.

Acquired working interests in 14 natural gas wells in Oklahoma for $293,000 total ($25k cash + 4M restricted shares); effective March 1, 2025.
Performance measurement period March 1 to Aug 31, 2025; wells must yield $2,900 net profit per month or company can unwind.
Victor Miranda resigned as Director on April 17, 2025; Jose Berhane Tewolde Serrano appointed on April 30, 2025 to fill vacancy.
Company retains right to repurchase shares from seller at lesser of $0.10/share or 10-day average price within 60 days post-performance period.

item 2.01 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Victor Francisco Miranda Bistrain

Director

NMEX · NORTHERN MINERALS & EXPLORATION LTD.

Effective: 2025-04-17
Successor: Jose Berhane Tewolde Serrano
Filed: May 12, 2025, 7:59 PM ET

On April 17 2025, Victor Francisco Miranda Bistrain resigned as Director of the Company.

Appointed

Jose Berhane Tewolde Serrano

Director

NMEX · NORTHERN MINERALS & EXPLORATION LTD.

Effective: 2025-04-30
Filed: May 12, 2025, 7:59 PM ET

On April 30, 2025, the Board appointed Mr. Jose Berhane Tewolde Serrano to become a member of the Board of Directors of the Company to fill the vacancy of Mr. Victor Miranda.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Victor Francisco Miranda Bistrain resigned as Director at NORTHERN MINERALS & EXPLORATION LTD..

Action: resigned
Role: Director

Exact text from the filing

On April 17 2025, Victor Francisco Miranda Bistrain resigned as Director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jose Berhane Tewolde Serrano was appointed as Director at NORTHERN MINERALS & EXPLORATION LTD..

Action: appointed
Role: Director

Exact text from the filing

On April 30, 2025, the Board appointed Mr. Jose Berhane Tewolde Serrano to become a member of the Board of Directors of the Company to fill the vacancy of Mr. Victor Miranda.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NORTHERN MINERALS & EXPLORATION LTD. completed an acquisition involving Lost Creek Acquisitions LLC for $25,000 in cash and 4,000,000 restricted shares of the Company’s common stock (closed 2025-04-21).

Action: acquisition
Counterparty: Lost Creek Acquisitions LLC
Consideration: $25,000 in cash and 4,000,000 restricted shares of the Company’s common stock
Closing: 2025-04-21

Exact text from the filing

The acquisition price of these income producing wells is $293,000. The consideration paid by the Company for the working interest in these 14 wells on 9 oil and gas leases is $25,000 in cash and 4,000,000 restricted shares of the Company’s common stock. The Seller, Lost Creek Acquisitions LLC, has agreed to a Post-Closing Performance Measurement. The six-month

View on SEC.gov

93 m&a transactions filed in the last 30 days. Browse all m&a transactions →

NORTHERN MINERALS & EXPLORATION LTD. filing history →

Source: SEC EDGAR

accession 0001437749-25-016085

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