Nordic Nickel (ASX:NNL) said it completed and settled the acquisition of the Kopsa, Kiimala Trend, and Hirsikangas gold projects in Finland via the issuance of 70 million ordinary shares in the firm to the vendor, Northgold, as well as a cash payment of 2 million Swedish kronor, according to a Thursday Australian bourse filing.
The deal was approved at the firm's extraordinary general meeting on June 3.
The company acquired Fennia Gold, the holder of the Kopsa project licenses, and Lakeuden Malmi, the holder of the Kiimala Trend and Hirsikangas project licenses, from Sweden's Northgold.
The firm plans to start drilling at the Kopsa project in July.
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