Northern Aspect Resources Ltd. Provides Corporate Update
08 January 2014 - 4:11AM
Marketwired Canada
(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)
Northern Aspect Resources Ltd. (the "Corporation") (TSX VENTURE:NTH .P), a
capital pool company listed on the TSX Venture Exchange (the "Exchange"),
announces that, in accordance with Exchange Policy 2.4 (the "CPC Policy"), the
Corporation has not completed a Qualifying Transaction (as such term is defined
in the CPC Policy) within the timeframe required by the Exchange. As a result,
the Corporation's common share have been suspended from trading on the Exchange.
The Corporation has been notified by the Exchange that in order to avoid
delisting on the Exchange by a delisting deadline of April 2, 2014, it must
either transfer to the NEX or receive final Exchange acceptance of a Qualifying
Transaction.
The Corporation is currently considering its alternatives and exploring options
to improve its working capital position. The Corporation will provide a further
update once it has completed its consideration of all alternatives.
Certain statements in this release are forward-looking statements, which include
the expectations of management regarding its consideration of strategic
alternatives. Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such information can generally
be identified by the use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. Readers are cautioned not to place undue reliance
on forward-looking statements, as there can be no assurance that the plans,
intentions or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that contribute to
the possibility that the predictions, estimates, forecasts, projections and
other forward-looking statements will not occur. These assumptions, risks and
uncertainties include, among other things, the state of the economy in general
and capital markets in particular, and other factors, many of which are beyond
the control of the Corporation. Forward-looking statements contained in this
press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Corporation
disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Additionally, the Corporation undertakes no obligation to
comment on the expectations of, or statements made by, third parties in respect
of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Aspect Resources Ltd.
John Thomson
Chief Financial Officer
+44 7876 474609
+44 1828 686817 (FAX)
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