/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TSX Venture Exchange Symbol FNR
SASKATOON, SK, Oct. 14, 2021 /CNW/ - 49 North Resources
Inc. ("FNR" or the "Company") (TSXV: FNR)
announces it has completed the mail out of the materials for
its previously announced rights offering (the "Rights
Offering") to its shareholders. A copy of the documents
are also available for download directly from FNR website at:
www.fnr.ca or from the Company's profile on SEDAR
at: www.sedar.com.
Registered shareholders who wish to exercise their rights must
forward the completed rights certificate, together with the
applicable funds, to the rights agent, Alliance Trust Company,
on or before the expiry time, which is 5:00
p.m. (Toronto time) on
November 10, 2021. Shareholders who
own their common shares of the Company ("Common Shares")
through an intermediary, such as a bank, trust company, securities
dealer or broker, will receive materials and instructions from
their intermediary.
The Rights Offering will be conducted in all provinces and
territories of Canada. However,
certain holders of Common Shares in jurisdictions outside of
Canada may be able to participate
in the Rights Offering where they can establish that the
transaction is exempt under applicable legislation. If you are a
holder of Common Shares and reside outside of Canada, please review the Rights Offering
materials to determine your eligibility and the process and timing
requirements to receive and, or, exercise your rights. The Company
requests any ineligible shareholder interested in exercising their
rights to contact Alliance Trust Company or the Company at their
earliest convenience.
For more information about the Rights Offering, please see the
Company's news release date September 22,
2021. The Rights Offering is subject to regulatory approval,
including the approval of the TSXV. The Company has obtained
conditional approval from the TSXV.
About 49 North Resources Inc.
FNR is a natural resource focused investment company. The
Company's diversified portfolio of assets includes investments in
shares and other securities of junior and intermediate mineral and
oil and gas exploration companies.
ANY 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.
Forward Looking Statements
This release
contains forward-looking statements. All statements, other than
statements of historical fact that address activities, events or
developments that we believe, expect or anticipate will or may
occur in the future are forward-looking statements. These
forward-looking statements reflect our current expectations or
beliefs based on information currently available to us.
Forward-looking statements in this release include, without
limitation, statements with respect to: the closing of the Rights
Offering, the gross proceeds of the Rights Offering and the use of
proceeds from the Rights Offering. Forward-looking statements are
subject to a number of risks and uncertainties that may cause our
actual results to differ materially from those discussed in the
forward-looking statements and, even if such actual results are
realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on, us.
Factors that could cause actual results or events to differ
materially from current expectations include, among other things,
uncertainties relating to the availability and cost of funds;
closing the Rights Offering; delays in obtaining or failure to
obtain required approvals to complete the Rights Offering; the
uncertainty associated with estimating costs to complete the Rights
Offering, including those yet to be incurred; potential risks and
uncertainties relating to the novel coronavirus (COVID-19)
outbreak; and other risks related to our business and the Rights
Offering. Any forward-looking statement speaks only as of the date
on which it is made and, except as may be required by applicable
securities laws, we disclaim any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although we believe that the
assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, undue reliance should not be put on
such statements due to their inherent uncertainty.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE 49 North Resources Inc.