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49 North Resources Inc. Announces Adjournment of Joint Extraordinary Meeting of Debentureholders
49 North Resources Inc. Announces Adjournment of Joint Extraordinary Meeting of Debenture...
About this update from 49 North Resources Inc
[{"type":"text","content":"49North-JointMeeting\n \n \n \n 49 North Resources Inc. Announces Adjournment of Joint Extraordinary Meeting of Debentureholders\n \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 Canada NewsWire\n \n \n SASKATOON, SK, Sept. 30, 2020\n \n \n \n \n \n \n TSX Venture Exchange Symbol FNR\n \n \n \n \n \n SASKATOON, SK\n \n ,\n \n Sept. 30, 2020\n \n /CNW/ - 49 North Resources Inc. (\"\n \n 49 North\n \n \" or the \"\n \n Company\n \n \") (TSXV: FNR) announces the adjournment of the joint extraordinary meeting (the \"\n \n Debentureholder Meeting\n \n \") of the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 1 (the \"\n \n Series 1 Senior Debentures\n \n \"), the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 2 (the \"\n \n Series 2 Senior Debentures\n \n \", and together with the Series 1 Debentures, the \"\n \n Senior Debentures\n \n \") and the holders of its 2015 2.5% Convertible Subordinated Secured Debentures (the \"\n \n Subordinated Debentures\n \n \", and together with the Senior Debentures, the \"\n \n Debentures\n \n \"). The Debentureholder Meeting, which was originally scheduled for, and convened on,\n \n September 28, 2020\n \n , was adjourned due to a lack of requisite quorum of the Subordinated Debentures. Further, the holders of a majority of the principal amount of the Senior Debentures represented at the Debentureholder Meeting on\n \n September 28, 2020\n \n consented to an adjournment, without conducting any other business.\n \n \n In accordance with the trust indentures for the Debentures (the \"\n \n Indentures\n \n \"), the Debentureholder Meeting was adjourned to\n \n 10:00 a.m. (Central Standard Time) Friday\n \n , November 27, 2020 at the offices of the Company, 602 – 224 Fourth Avenue South,\n \n Saskatoon, Saskatchewan\n \n (the \"\n \n Adjourned Meeting\n \n \").\n \n \n The Indentures provide that quorum for the transaction of business at a meeting of the holders of each of the Senior Debentures and the Subordinated Debentures, respectively, is 25% of the princ...