News release NEMI acquires more shares......
NEMI acquires 5,000 Stetston common shares
2013-09-25 16:50 ET - News Release
See News Release (C-NNE) NEMI Northern Energy & Mining Inc
Mr. Michael Cooney reports
NEMI ACQUIRES COMMON SHARES OF STETSON OIL & GAS
NEMI Northern Energy & Mining Inc. has acquired ownership and control over 5,000 common shares of Stetson Oil & Gas Ltd. through the facilities of the TSX Venture Exchange at a price of 8.5 cents per common share. Immediately prior thereto, NEMI had ownership and/or control over 3,295,000 common shares of Stetson and 8.9 million preferred shares of Stetson. Upon completion of the acquisition, NEMI has ownership and/or control over 3.3 million common shares of Stetson, representing approximately 10.01 per cent of the issued and outstanding common shares of Stetson, and ownership and/or control over 8.9 million preferred shares representing approximately 10.39 per cent of the issued and outstanding preferred shares of Stetson.
NEMI acquired the common shares of Stetson for investment purposes, and has no present intention to acquire further securities of Stetson, although NEMI may in the future participate in financings and/or acquire or dispose of securities of Stetson in the market, privately or otherwise, as circumstances or market conditions warrant.
A copy of the early warning report filed with the applicable securities regulators in respect of the above acquisition is available on SEDAR under Stetson's SEDAR profile.
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