Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category
49 North Group Completes Proposed Rollover Transaction
Published : February 04, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

49 North Group Completes Proposed Rollover Transaction

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

SASKATOON, Feb. 4, 2013 /CNW/ - 49 North Resources Inc. ("49 North") (TSXV: FNR) reports that it has completed its previously announced "Proposed Rollover Transaction" with 49 North 2011 Resource Flow-Through Limited Partnership (the "2011 Fund") and 49 North 2012 Resource Flow-Through Limited Partnership (the "2012 Fund").

Effective February 1, 2013, the 2011 Fund transferred substantially all of its assets - valued at $5,534,463 - on a tax deferred "rollover" basis to 49 North in exchange for 3,416,459 common shares of 49 North (the "Listed Shares"). Following the transfer, the 2011 Fund was wound up and dissolved and the Listed Shares were distributed to the partners of the 2011 Fund. As a result, each (former) limited partner of the 2011 Fund received approximately 5.2354 Listed Shares for each limited partnership unit they formerly held in the 2011 Fund. Also effective February 1, 2013, the 2012 Fund transferred substantially all of its assets - valued at $3,480,995 - on a tax deferred "rollover" basis to 49 North in exchange for 2,148,855 Listed Shares. Following the transfer, the 2012 Fund was wound up and dissolved and the Listed Shares were distributed to the partners of the 2012 Fund. As a result, each (former) limited partner of the 2012 Fund received approximately 5.3067 Listed Shares for each limited partnership unit they formerly held in the 2012 Fund. As a result of completing the Proposed Rollover Transaction, the number of outstanding 49 North common shares increased to 21,194,294 shares.

Additional information about 49 North, the 2011 Fund and the 2012 Fund is available at www.sedar.com.

The securities of the 2011 Fund, the 2012 Fund and 49 North have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: 49 North Resources Inc.

For further information:

49 North Resources Inc.
Tom MacNeill
President and Chief Executive Officer
306-653-2692 or ir@fnr.ca.

49North Resources

CODE : FNR.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

49North is an exploration company based in Canada.

49North is listed in Canada. Its market capitalisation is CA$ 5.3 millions as of today (US$ 4.1 millions, € 3.6 millions).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 4.19, and its lowest recent point on July 31, 2015 at CA$ 0.04.

49North has 47 830 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of 49North Resources
9/25/201449 North Resources Inc. provides a technical update and 2014...
6/30/201449 North Resources Inc. makes annual payment of debenture in...
4/2/201449 North Resources Inc. announces listing of Convertible Deb...
10/16/201349 North Resources Inc. acquires interest in Omineca Mining ...
9/30/201349 North Resources Inc. announces new board member
6/14/201349 North Resources Inc. Announces New Board Member, Adoption...
5/30/201349 North Resources Inc. Provides Update on Proposal to Deben...
2/4/201349 North Group Completes Proposed Rollover Transaction
11/29/201249 North Resources Inc. acquires interest in Gespeg Copper R...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (FNR.V)
0.110-8.33%
TSX-V
CA$ 0.110
05/04 15:02 -0.010
-8.33%
Prev close Open
0.120 0.110
Low High
0.110 0.110
Year l/h YTD var.
0.070 -  0.120 37.50%
52 week l/h 52 week var.
0.040 -  0.130 -15.38%
Volume 1 month var.
5,000 37.50%
24hGold TrendPower© : 23
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
201637.50%0.110.07
2015-46.67%0.220.04
2014-11.76%0.560.12
2013-90.00%1.800.11
2012-44.26%3.151.45
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
ApacheAPA
Form 10-Q / Quarterly Report
US$ 55.81-3.01%Trend Power :
Altura(Au-Fe-Ta)AJM.AX
Quarterly Activities Report March 2016
AU$ 0.20+7.89%Trend Power :
Stratex(Au-Cu-Mo)STI.L
Tembo financing and change of director
GBX 2.20-4.35%Trend Power :
Teck(Ag-Au-Co)TCK
Donates to Canadian Red Cross Fort McMurray Wildfire Relief Efforts
US$ 10.29-3.74%Trend Power :
Golden Star(Au-Gems)GSC.TO
GSR - Golden Star Announces Election of Directors
CA$ 0.84-1.18%Trend Power :
Hercules OffshoreHERO
Announces First Quarter 2016 Results
US$ 1.92+0.52%Trend Power :
Sandstorm Gold(Cu-Mo-Au)SSL.V
Announces First Quarter Results
CA$ 5.01+1.62%Trend Power :
Great Panther Silver(Ag-Au-Mo)GPR.TO
First Quarter 2016 Financial Results Webcast and Conf
CA$ 2.11+3.94%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Announces US$33 Million Bought Deal Financing
CA$ 4.36+0.23%Trend Power :
Bill Barrett corpBBG
Reports First Quarter 2016 Financial and Operating Results
US$ 7.08+2.31%Trend Power :
Lightbridge(Ur)LTBR
Provides Update on Nuclear Fuel Commercialization Plan, Business Update and Financial Results for
US$ 0.43+2.38%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Annual General Meeting
CA$ 1.02+0.00%Trend Power :
Treasury MetalsTML.TO
Announces Exercise of Over-Allotment Option and Private Placement Increased to $4,000,000
CA$ 0.54+10.20%Trend Power :
Chesapeake Energy(Ngas)CHK
Reports 2016 First Quarter Financial And Operational Results
US$ 5.71+1.06%Trend Power :
FuelCell EnergyFCEL
ExxonMobil and FuelCell Energy, Inc. Pursue Novel Technology in Carbon Capture
US$ 5.89+5.56%Trend Power :
Largo Res.(Au-Cu-Mo)LGO.V
- Largo Produces 730 Tonnes of Vanadium in April
CA$ 0.50+8.70%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
Q1 2016 OPERATING FINANCIAL RESULTS
US$ 2.40+3.00%Trend Power :
Hecla Mining(Cu-Le-Zn)HL
Hecla Reports First Quarter 2016 Results
US$ 4.03+3.87%Trend Power :
General Moly(Mo)GMO
Reports First Quarter Results
US$ 0.40+0.00%Trend Power :
MacquarieMHM.AX
Presentation at Macquarie Australia Conference =2D Sydney
AU$ 0.04+5.41%Trend Power :