SASKATOON, SK, Nov. 3, 2021 /CNW/ - 49 North Resources Inc.
("49 North" or the "Company") (TSXV: FNR) reminds
holders of the Company's outstanding rights ("Rights")
(TSXV: FNR.RT) of important, upcoming deadlines and details for the
Rights offering ("Rights Offering") previously announced on
September 22, 2021.
The Company announced on September 22,
2021, an offer to shareholders of record on October 1, 2021, Rights to purchase Units of the
Company. Each Unit consists of one common share and one
common share purchase warrant, exercisable into one common share at
a price of $0.07 for 24-months.
One Right was issued for each common share held. One Right and two
cents are required to purchase one common share.
Important Details and Reminders
- Rights expire at 5:00 pm
Saskatoon (CST) time on
November 10, 2021.
- You must take action to exercise or sell your Rights.
- Rights can be bought or sold publicly on the TSXV – symbol
"FNR.RT".
- Rights will trade for cash settlement for the 3 days prior to
expiry, beginning November 7,
2021.
- One (1) Right plus the sum of $0.02 entitles the holder to subscribe for one
common share of 49 North and one common share purchase warrant,
exercisable at a price of $0.07 for a
period of 24-months.
- The rights offering circular available on SEDAR and on the
Company's website: www.fnr.ca
49 North is a natural resource focused investment company. The
Company's diversified portfolio of assets includes investments in
shares and other securities of junior and intermediate mineral and
oil and gas exploration companies.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED
UNDER THE US. SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT
BE OFFERED OR SOLD IN THE UNITED
STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE 1933 ACT.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
Forward Looking Statements
This release includes forward-looking statements regarding 49
North and its business. Such statements are based on the
current expectations and views of future events of 49 North's
management. In some cases the forward-looking statements can
be identified by words or phrases such as "may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these terms, or other similar expressions
intended to identify forward-looking statements. The
forward-looking events and circumstances discussed in this release
may not occur and could differ materially as a result of the
failure to complete the rights offering, known and unknown risk
factors and uncertainties affecting 49 North, including risks
regarding the mining and oil and gas industries, economic factors
and the equity markets generally and many other factors beyond the
control of 49 North. No forward-looking statement can be
guaranteed. Forward-looking statements and information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statement
or information. Accordingly, readers should not place undue
reliance on any forward-looking statements or information.
Forward-looking statements speak only as of the date on which they
are made, and 49 North undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise, except as required by
applicable securities laws.
Neither the 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.