secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN MINERALS & EXPLORATION LTD. (NMEX)
CIK:        0001415744
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001437749-25-016085
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Northern Minerals acquires working interest in 14 Oklahoma gas wells for $293k; appoints new director
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1415744/000143774925016085/0001437749-25-016085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1415744/000143774925016085/nmex20250512_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016085

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