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Whitemud Resources Announces Withdrawal of Proposed $15 million Convertible Debenture Financing by Werklund Capital
Whitemud Resources Announces Withdrawal of Proposed $15 million Convertible Debenture Financing b...
About this update from Whitemud Resources, Inc. Class A
[{"type":"text","content":"\n\n\n\n Nov. 15, 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\nCALGARY, Nov. 15 /CNW/ - Whitemud Resources Inc. ("Whitemud" or the\n "Company") (WMK - TSXV) announces that Werklund Capital Corporation has\n withdrawn its proposal to provide $15 million in secured convertible\n debenture financing.\n\n\nThe Company is currently reviewing alternatives.  The Company's\n forbearance agreement with its bank includes provisions that enable the\n bank to immediately take any and all proceedings to recover its debts\n in the event that Werklund Capital Corporation should no longer intend\n to proceed with the proposed financing.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in policies of the TSX Venture Exchange) accepts\n responsibility for the adequacy or accuracy of this release.\n\n\nForward Looking Statement\n\n\nThis press release may contain forward-looking statements which may\n include estimates, plans, expectations, opinions, forecasts,\n projections and guidance or other statements that are not statements of\n fact, and guidance or other statements that are not statements of fact,\n including without limiting the generality of the foregoing, statements\n regarding the expectations of reviewing alternatives. The statements\n are subject to risks.  The Company's forward-looking statement...