49 North Resources Inc V.FNR

Alternate Symbol(s): FNINF

Financial Services Asset Management

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company’s portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons.

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49 North Resources Inc

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Post by ChungasRevengeon Dec 12, 2014 10:07am

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Post# 23223299

Pinetree Capital

Pinetree Capital has the same model as 49 North Resources, but with a larger market cap. they are having trouble with debt (Pinetree Capital Ltd. shares tumbled 11% to 12 cents Wednesday after the company said it has been notified by a trustee that it is in default on certain debt covenants related to a convertible debenture. The company said in a press release that it incurred $3.3 million of additional debt in contravention of the covenant.) I was looking for urrency24 on that board.

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