TriNorth Reports Termination of Management Agreement

TORONTO, Jan. 27 /CNW/ - TriNorth Capital Inc. ("TriNorth") announced that the Management Agreement with Aston Hill Asset Management Inc. (formerly Navina Asset Management Inc.) ("Aston Hill") terminated on January 25, 2011.

TriNorth owns 17,000,000 common shares of Feronia Inc. (the "Feronia Shares"), representing approximately 17% of the total outstanding common shares of Feronia Inc. The Feronia Shares were originally managed on behalf of TriNorth by Aston Hill.  As a result of the termination of the Management Agreement with Aston Hill, TriNorth now manages the Feronia Shares.

TriNorth acquired the Feronia Shares for investment purposes and may, from time to time, acquire additional securities of Feronia Inc. or dispose of such securities as it may deem appropriate.

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the stated use of proceeds; plan of operations and comparative advantages; and benefits of this investment. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, regulatory risks, risks inherent in foreign operations, commodity prices, competition, and investments having no history of operations. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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 TriNorth Capital Inc.

For further information:

John Pennal, President and Director, TriNorth Capital Inc., (416) 956-4926

Wes Hall, Chairman and Director, TriNorth Capital Inc., (416) 867-4550

Profil de l'entreprise

TriNorth Capital Inc.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.