TSX Venture Exchange Symbol FNR 49 North Resources Inc. announces that at the joint extraordinary meeting of the Debentureholders held on the 22nd of March, 2021, the special resolution regarding the restructuring proposal, announced on February 3, 2021, was not approved by the majority of Debentureholders. While the Series 1 Debenture was approved [...]
After discussions with debentureholders, 49 North Resources Inc. is calling a joint meeting of the holders of all if its issued and outstanding Debentures to consider a new restructuring proposal. The new proposal will see the conversion price for all Debentures set at $0.15 per share instead of $0.20 as was proposed in 2020. The proposal also [...]
49 North Resources Inc. announces that it will revise the proposal to the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 1, the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 2 and the holders of its 2015 2.5% Convertible Subordinated Secured Debentures . At the joint extraordinary meeting of the [...]
49 North Resources Inc. announces the adjournment of the joint extraordinary meeting of the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 1, the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 2 and the holders of its 2015 2.5% Convertible Subordinated Secured Debentures. The Debentureholder [...]
49 North Resources Inc. is amending the proposal to its debentureholders announced June 1, 2020 to include the outstanding 2015 2.5% Convertible Subordinated Secured Debentures. The Company has also set September 28, 2020 as the date of the joint extraordinary meeting of the holders of its 2015 2.5% Convertible Senior Secured Debentures – Series 1 [...]
49 North Resources announces that with respect to the maturity of its outstanding 2015 2.5% Convertible Senior Secured Debentures – Series 1, it has paid today, in cash, due interest in the amount of approximately $2.50 per $100 principal amount of the Series 1 Senior Debentures, however, the Company has not paid the principal due and owing in the [...]
49 North Resources Inc. announces that pursuant to blanket relief granted by the securities regulatory authority or regulator in each province and territory of Canada as a result of the COVID-19 pandemic, 49 North is postponing the filing and delivery, as applicable, of the following continuous disclosure documents of the Company : the annual [...]
49 North Resources Inc. announced today that it has paid, in cash, due interest in the amount of approximately $2.50 per $100 principal amount of its outstanding 2.5% Series 2 convertible, secured debentures issued December 18, 2015 and its 2.5% convertible subordinated secured debentures. Payment was made to debenture holders of record as of [...]
49 North Resources Inc. announces that it has paid, in cash, due interest in the amount of approximately $2.50 per $100 principal amount of its outstanding 2.5% convertible senior secured debentures, series 1 issued June 2, 2015. Payment was made to debenture holders of record as of June 1, 2018 and related to interest accrued from June 2, 2018 to [...]
49 North Resources Inc. has approved the grant of 3,050,000 stock options pursuant to the Company's 2008 Stock Option Plan. 2,000,000 of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at $0.05 per share and, if not exercised, expire May 2, 2029, subject to earlier [...]
49 North Resources Inc. is pleased to announce that at the Annual and Special Meeting of Shareholders held March 19, 2019, the Company's shareholders re-elected Tom MacNeill, Andrew Davidson, Norman Betts and Andrew Cook as the Company's directors. 49 North also reports the resolutions re-appointing Davidson & Company LLP as auditors for the [...]
49 North Resources Inc. announces that it has paid, in cash, due interest in the amount of approximately $2.50 per $100 principal amount of its outstanding 2.5% Series 2 convertible, secured debentures issued December 18, 2015 and its 2.5% convertible subordinated secured debentures. Payment was made to debenture holders of record as of December 1 [...]
