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49 NORTH GROUP ANNOUNCES LAUNCH OF NEW FLOW-THROUGH OFFERING AND PROPOSED ROLL-OVER TRANSACTION
49 NORTH GROUP ANNOUNCES LAUNCH OF NEW FLOW-THROUGH OFFERING AND PROPOSED ROLL-OVER TRANSACTION
About this update from 49 North Resources Inc
[{"type":"text","content":"\n\n\n\n Dec. 1, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nSASKATOON, Dec. 1 /CNW/ - 49 North 2010 Resource Flow-Through Limited\n Partnership (the "2010 Fund") is pleased to announce that it has\n entered into an agency agreement and has filed its final prospectus\n with the securities regulatory authorities in the provinces of\n Saskatchewan, British Columbia, Alberta, Manitoba and Ontario, in\n connection with the initial public offering of up to 500,000 limited\n partnership units of the 2010 Fund at a price of $10 per unit, for\n gross proceeds of up to $5,000,000. The initial closing is scheduled\n for early December. MGI Securities Inc. has been engaged to act as\n agent in connection with the offering.\n\n\nThe 2010 Fund intends to invest the proceeds of the offering in a\n portfolio of flow-through shares and other securities of junior and\n intermediate resource issuers engaged in mineral exploration in Canada,\n with a view to achieving capital appreciation for limited partners.\n Subject to certain limitations as more particularly described in the\n 2010 Fund's final prospectus dated December 1, 2010 (a copy of which is\n available on SEDAR at www.sedar.com), limited partners with sufficient income will be entitled to claim\n deductions for qualifying Canadian exploration expenses and deemed\n Canadian exploration expenses renounced to the 2010 ...