TORONTO, ONTARIO -- (Marketwired) -- 12/18/15 -- Oban Mining Corporation (TSX: OBM) ("Oban") announces today that it has terminated the Option Agreement dated February 22, 2015 with Northstar Gold Corp. ("Northstar") to acquire up to a 70% interest in the Miller Gold Project just south of Kirkland Lake, Ontario (the "Option Agreement"). The Option Agreement will terminate upon 30 days' notice to Northstar.
About Oban Mining Corporation
Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Oban owns a 100% interest in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Quebec, and also holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area of Quebec. The Company holds interests and options in a number of additional properties in northern Ontario. Oban is well financed with approximately $70 million in cash, cash equivalents and marketable securities.
Oban Mining Corporation
President & Chief Executive Officer