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49 North Resources Inc V.FNR

Alternate Symbol(s):  FNINF

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

Bullboard Posts
Post by currency24on Feb 08, 2013 1:01pm
199 Views
Post# 20959666

FNR's Next Investment?OMM-Euro Trip

FNR's Next Investment?OMM-Euro Trip

FNR's so called IR people put out an interview with Tim, Pres of OMM/EPL, he advised they are going to need at least $10 mil most liely more, in my opinion, which means FNR will pour more $$ into CVG/OMM. CVG/OMM is a questionable/RISKY project, in my humble opinion.

I wonder who is going to be the lead on the Financing?MGI? Vickerage joining in? Fees who will get them?

Tim also advise a European Road show end of FEB, I guess Tom and his wife will tag along for the European Vacation?Road Show? They had one last year, tried to raise funds for GCR/CVG, according to Tom, when in Zurich they sponsred an Expensive luncheon, where Tom was the featured speaker.

Just more burning of $$$ High Expense/Costs

All in my humble opinion.

Bullboard Posts