SASKATOON, May 6, 2013 /CNW/ - 49 North Resources Inc. ("49 North" or the "Company") (TSXV: FNR) announces the resignation of the Honourable C. Michael Ryer as a director effective May 9, 2013. A director with 49 North since June 15, 2010, Mr. Ryer is resigning from the board to pursue other endeavors.
The board of directors and management of 49 North thank Mr. Ryer for his significant contributions during his time with 49 North. Mr. Ryer's experience respecting financial reporting, tax and corporate governance proved a valuable asset to 49 North over the last 3 years. We wish him well in his future endeavors.
No new director will be appointed in light of Mr. Ryer's resignation until after 49 North has completed its debt restructuring and a slate of new directors have been considered and appointed at 49 North's Annual General Meeting.
49 North is a Saskatchewan focused resource investment company with 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.
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.