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 ^[1]

Click here to access 49 North Resources Corporate Site ^[2]