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49 North Resources Inc. Acquires Additional Interest in Westcore Energy Ltd.
49 North Resources Inc. Acquires Additional Interest in Westcore Energy Ltd. Canad...
About this update from 49 North Resources Inc
[{"type":"text","content":"\n\n\n\n49 North Resources Inc. Acquires Additional Interest in Westcore Energy Ltd.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSASKATOON, May 19, 2017\n\n\n\nSASKATOON, May 19, 2017 /CNW/ - 49 North Resources Inc. (\"49 North\") (TSXV: FNR), 602, 224 – 4th Avenue South, Saskatoon, Saskatchewan, announces that in connection with the closing of a non-brokered private placement by Westcore Energy Ltd. (\"Westcore\") (TSXV: WTR), 602, 224 – 4th Avenue South, Saskatoon, Saskatchewan, 49 North acquired on May 16, 2017 ownership of 906,667 units (\"Units\"), each Unit comprised of one common share (\"Common Share\") of Westcore, and one common share purchase warrant (\"Warrant\"). The Common Shares acquired by 49 North represent approximately 2.44% of Westcore's issued and outstanding Common Shares. The Warrants acquired by 49 North represent approximately 22.66% of the Warrants issued and outstanding. \n\nPrior to the closing of the non-brokered private placement, 49 North owned 16,521,900 Common Shares, representing 49.92% of Westcore's issued and outstanding Common Shares. Upon completion of the private placement, 49 North owns 17,428,567 Common Shares, representing 46.98% of Westcore's issued and outstanding Common Shares. Prior to the closing of the non-brokered private placement, 49 North did not own any Warrants. Upon completion of the private placement, 49 North owns 906,667 Warrants, representing 22.66% of the issued and outstanding Warrants.\n\n49 North acquired the Units at a price of $0.15 per Unit, for an aggregate price of $136,000.05. 49 North acquired the Units for investment purposes. 49 North may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including acquiring ownership or control over additional Common Shares or other securities of Westcore or the disposition of all or a portion of its holdings in open market or in privately negotiated transactions.\n\nA copy of the early warning report in respect of this transaction has been filed...