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49 North Resources Inc. announces non-brokered private placement financing
49 North Resources Inc. announces non-brokered private placement financing 49 Nort...
About this update from 49 North Resources Inc
[{"type":"text","content":"\n\n\n\n49 North Resources Inc. announces non-brokered private placement financing\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\n49 North Resources Inc. announces non-brokered private placement financing\nCanada NewsWire\nSASKATOON, June 3, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\nTSX Venture Exchange Symbol FNR \n\n\n\nSASKATOON, June 3, 2016 /CNW/ - 49 North Resources Inc. (\"49 North\" or the \"Company\") (TSXV: FNR) announces that it has arranged a non-brokered private placement of up to 6,000,000 units at a price of $0.10 per unit, for gross proceeds of up to $600,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share for a period of 24 months from the closing date of the private placement at a price of $0.15 per share.\n\nThe proceeds of this private placement will be used to augment the Company's working capital position. The private placement is subject to TSX Venture Exchange acceptance. The securities issued will be subject to a standard four month hold period.\n\nIn certain cases, a finder's fee of 7% in cash may be paid in connection with the placement.\n\n49 North is a Saskatchewan focused resource investment company. 49 North's diversified portfolio of assets includes investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies. Additional information about 49 North is available at www.sedar.com.\n\nANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE \"1933 ACT\") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n\nForward Looking Statements...