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.

TSXV:FNR - Post by User

49 North Resources Inc

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Post by Henmystirsiron Jun 07, 2011 9:52am

160 Views

Post# 18680190

How much debenture will insiders buy?

When I read the debenture offering it would appear that the president may be purchasing a chunk of the bond. Here is the line,

MGI Securities Inc. will be paid an aggregate cash fee equal to 5% of the gross proceeds of the Offering, other than in connection with up to $2,000,000 of subscriptions for Debentures from the president's list.

The president might be coming in for more investment. Good sign. I think he wants to own 20% of the company and will keep investing about that amount to keep the percentage constant.
All in my opinion. FNR buyr

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