MNC/MNC.PR.A:TSXV - Announces YE 2020 & Q1 Results Please contact myself or Stephen McCormick, VP Capital Markets should you have any questions.
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MAGNETIC NORTH ACQUISITION CORP. ANNOUNCES FILING OF FISCAL YEAR END 2020 AND FIRST QUARTER RESULTS
CALGARY, AB and TORONTO, ON - June 2nd, 2021 -- Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) is able to announce that fiscal year results for the period ended December 31, 2020 and first quarter fiscal results for the period ended March 31, 2021 have been filed on SEDAR. As a result of filing the annual results the Management Cease Trade Order has lapsed and is no longer in effect. The Management and Board of Directors of Magnetic North would like to thank all the Company’s shareholders for their patience and support.
The Company’s financials along with the related management discussion and analysis’ may be found on SEDAR and on the Company’s website at www.magneticnac.com.
About Magnetic North Acquisition Corp.
Magnetic North invests and manages businesses on behalf of its shareholders and believes that capital alone does not always lead to success. With offices in Calgary and Toronto, our experienced management team applies its considerable management, operations and capital markets expertise to ensure its investee companies are as successful as possible for shareholders. Magnetic North common shares and preferred shares trade on the TSX Venture Exchange under the stock symbol MNC and MNC.PR.A, respectively. The TSX Venture recently announced that Magnetic North is a “2021 TSX Venture 50” recipient. For more information about Magnetic North, visit its website at www.magneticnac.com. Magnetic North’s securities filings can also be accessed at www.sedar.com.
For further information, please contact:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Certain statements in this news release are “forward-looking statements”, which reflect current expectations of the management of Magnetic North regarding future events or Magnetic North's future performance. All statements other than statements of historical fact contained in this news release may be forward-looking statements. In particular, forward-looking information and statements herein include, but are not limited to, the filing of the Documents, including the timing for the filing of the Documents and the issuance of a Management Cease Trade Order in respect of the Company. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements. Magnetic North believes that the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Magnetic North assumes no obligation to update or revise them to reflect new events or circumstances, except as expressly required by applicable securities law. Further information regarding risks and uncertainties relating to Magnetic North and its securities can be found in the disclosure documents filed by Magnetic North with the securities regulatory authorities, available at www.sedar.com.