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 currency24on Apr 22, 2013 12:47pm

132 Views

Post# 21289536

Debt Holders Caution - Another ??? Investment

As Tom has said several times, he invests/FNR in "Pennydreadfuls" his quote, well we have another one that they quietly brought on, on Friday, made no mention but 49 North and staff are involved, see Prima Flourspar - PF - symbol - for the news release, no mention by FNR?? Interesting?? In my humble opinion

This means more Valuable Cash going into so called start ups/new listings trading 8 to 10 cents in this poor Enviroment for Resource stocks. In my humble opinion.

FNR should be preserving CASH, they need CASH to pay their debts. It appears Debt holders the cash is being used to buy more, "Pennsydreadfulls", vs paying the debt off, in my humble opinion.

Question on the new investment - WHY? FNR MGMT involved with PF's MGMT see press release? How much does FNR, FNR staff and MGMT own of PF?

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