Business
49 NORTH GROUP COMPLETES ROLL-OVER TRANSACTION
Feb. 1, 2011 (Canada NewsWire Group) -- / NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SER...
About this update from 49 North Resources Inc
[{"type":"text","content":"\n\n\n\n Feb. 1, 2011 (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, Feb. 1 /CNW/ - 49 North Resources Inc. ("49 North") (TSX\n Venture: FNR) reports that it has completed its previously announced\n "Roll-over Transaction" with 49 North 2010 Resource Flow-Through\n Limited Partnership (the "2010 Fund"). Effective February 1, 2011, the\n 2010 Fund transferred substantially all of its assets - valued at\n $8,088,083.56 - on a tax deferred "roll-over" basis to 49 North in\n exchange for 2,714,122 common shares of 49 North (the "Listed Shares").\n Following the transfer, the 2010 Fund was wound up and dissolved and\n the Listed Shares were distributed to the partners of the 2010 Fund. As\n a result, each (former) limited partner of the 2010 Fund received\n approximately 3.0220 Listed Shares for each limited partnership unit\n they formerly held in the 2010 Fund. The transaction also resulted in\n the number of outstanding 49 North common shares increasing to\n 15,012,605 immediately after the transaction.  \n\n\nAdditional information about 49 North and the 2010 Fund is available at www.sedar.com.\n\n\nThe securities of the 2010 Fund and 49 North have not been registered\n under the United States Securities Act of 1933, as amended, and may not\n be offered or sold in the United States absent registration or an...