49 North Resources update

email Email  Print Print  
Wed, Feb 3, 2010
Nickel Company News
Post by Melissa Pistilli, Nickel Reporter

49 North Resources Inc. (TSX VENTURE:FNR) reported that in connection with the closing of its roll-over transaction with 49 North 2009 Resource Flow-Through Limited Partnership on February 1, 2010, it acquired ownership of 10,000,000 common shares of Dumont Nickel Inc.

The press release is quoted as saying:

Prior to the closing of the roll-over transaction, FNR owned 10,505,000 common shares of Dumont (representing 5.65% of Dumont’s outstanding common shares) and 5,000,000 warrants, each exercisable into a common share of Dumont for $0.05 per share.

Click here to access the entire press release

Click here to access 49 North Resources Corporate Site

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Nickel Investing News' Comment Policy?
Nickel Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Nickel Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Nickel Price Chart
Asides