TSX Venture Exchange Symbol FNR
SASKATOON, SK, July 12, 2013 /CNW/ - 49 North Resources Inc. ("49 North"
or "Company") (TSX Venture: FNR) is pleased to announce that at the
Annual and Special Meeting of Shareholders held July 12, 2013 (the
"Meeting"), the Company's shareholders re-elected the incumbent board
of directors, being Tom MacNeill, Stephen Halabura, Jeffrey Green and
Norman Betts. 49 North also reports the resolutions re-appointing its
auditor, approving the continuation of the Company's stock option plan,
ratifying the Company's new shareholder rights plan and advance notice
bylaw were all approved.
The shareholders of the Company showed strong support for the matters
brought before the Meeting, with each resolution passing with the
support of over 98% of the votes cast. Management would like to thank
its shareholders for their support as it navigates through the
protracted downturn in the junior resource capital markets.
49 North is a Saskatchewan focused oil and gas exploration, development
and production company with a significant resource investment portfolio
and strategic operations in financial, managerial and geological
advisory services. Our diversified portfolio of assets includes direct
project involvement in the resource sector, as well as 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.
Forward Looking Information: This release contains forward-looking
information within the meaning of applicable Canadian securities
legislation. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual results or
events to differ materially from those expressed or implied by such
forward-looking information. In addition, the forward-looking
information contained in this release is based upon what management
believes to be reasonable assumptions. Readers are cautioned not to
place undue reliance on forward-looking information as it is inherently
uncertain and no assurance can be given that the expectations reflected
in such information will prove to be correct. The forward-looking
information in this release is made as of the date hereof and, except
as required under applicable securities legislation, 49 North assumes
no obligation to update or revise such information to reflect new
events or circumstances.
Neither 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.
For further information:
49 North Resources Inc.
President and Chief Executive Officer
306-653-2692 or firstname.lastname@example.org.