BRIEF-Northwest Arm Capital Inc. announces proposed qualifying transaction

Fri Sep 16, 2016 10:21am EDT
 
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Sept 16 (Reuters) - Northwest Arm Capital Inc

* Says entered into an arm's length definitive option agreement with Altius Resources Inc.

* Company expects to complete a non-brokered private placement financing of 5 million common shares at a price of $0.25 per share

* Northwest Arm Capital Inc. announces proposed qualifying transaction

* Property is comprised of two separate claim groups totaling 688 claims and 172 square kilometers in central Newfoundland

* Says upon completion of qualifying transaction, Altius will become an insider of company Source text for Eikon: Further company coverage: