49 North Resources Inc. has approved the grant of 6,750,000 stock options pursuant to the Company's Stock Option Plan. 3,500,000 of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at $0.05 per share and, if not exercised, expire January 13, 2032, subject to earlier [...]
49 North Resources Inc. is pleased to announce the closing of its previously announced rights offering for aggregate gross proceeds of $1,662,383.10. The net proceeds of the Rights Offering will be used primarily to make strategic investments that will grow the value of the Company's asset portfolio and for general corporate purposes. The Rights [...]
49 North Resources Inc. reminds holders of the Company's outstanding rights of important, upcoming deadlines and details for the 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 [...]
49 North Resources Inc. announces it has completed the mail out of the materials for its previously announced rights offering to its shareholders. A copy of the documents are also available for download directly from FNR website or from the Company's profile on SEDAR. Registered shareholders who wish to exercise their rights must forward the [...]
49 North Resources Inc. announces that it will be completing a rights offering in which holders of record of the Company's common shares, as at the record date of October 4, 2021, will receive rights to subscribe for units of the Company on the basis of one right for each Common Share held. The Rights Offering will be made in all the provinces and [...]
49 North Resources Inc. is pleased to announce that at the Annual and Special Meeting of Shareholders held August 26, 2021, the Company's shareholders re-elected Tom MacNeill, Andrew Davidson, Norman Betts and Andrew Cook as the Company's directors. 49 North also reports the resolutions re-appointing Davidson & Company LLP as auditors for the [...]
49 North Resources Inc. announces that at the joint extraordinary meeting of the Debentureholders held on the 22nd of March, 2021, the special resolution regarding the restructuring proposal, announced on February 3, 2021, was not approved by the majority of Debentureholders. While the Series 1 Debenture was approved by 77% of the vote cast, both [...]
After discussions with debentureholders, 49 North Resources Inc. is calling a joint meeting of the holders of all if its issued and outstanding Debentures to consider a new restructuring proposal. The new proposal will see the conversion price for all Debentures set at $0.15 per share instead of $0.20 as was proposed in 2020. The proposal also [...]
49 North Resources Inc. announces that it will revise the proposal to the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 1, the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 2 and the holders of its 2015 2.5% Convertible Subordinated Secured Debentures . At the joint extraordinary meeting of the [...]
49 North Resources Inc. announces the adjournment of the joint extraordinary meeting of the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 1, the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 2 and the holders of its 2015 2.5% Convertible Subordinated Secured Debentures. The Debentureholder [...]
49 North Resources Inc. is amending the proposal to its debentureholders announced June 1, 2020 to include the outstanding 2015 2.5% Convertible Subordinated Secured Debentures. The Company has also set September 28, 2020 as the date of the joint extraordinary meeting of the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 1 [...]
49 North Resources announces that with respect to the maturity of its outstanding 2015 2.5% Convertible Senior Secured Debentures – Series 1, it has paid today, in cash, due interest in the amount of approximately $2.50 per $100 principal amount of the Series 1 Senior Debentures, however, the Company has not paid the principal due and owing in the [...]
