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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Comment by ipanemaon Oct 18, 2011 8:35am

277 Views

Post# 19158294

RE: buyback

Do you know why there is no unit price? Is this really the company buying back its own stock? Do they have that authority? Seems very odd that FNR would be buying back its own stock or is this stock that's in treasury, authorized, but has never been issued and hence no value? Your perspective would be much appreciated.

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