High North Resources Ltd HNTHF

Energy Oil & Gas E&P

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

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High North Resources Ltd

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Comment by SusanBollandon Nov 15, 2021 6:42am

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Post# 34126064

RE:High North 76,640,882 shares for debt

jerrio78 wrote:

High North 76,640,882 shares for debt

2015-07-14 18:39 ET - Shares for Debt

The TSX Venture Exchange has accepted for filing High North Resources Ltd.'s proposal to issue 76,640,882 common shares of the company, pursuant to a resolution approving a plan of arrangement passed by holders of 12.0-per-cent convertible unsecured subordinated debentures. Pursuant to the terms of the arrangement, debentures in the principal amount of $4,011,000 will be redeemed in exchange for shares on the terms set out in the information circular of the company dated April 30, 2015. All of the accrued and unpaid interest up to April 4, 2015, owed to debentureholders, and accrued and unpaid interest owed between April 5, 2015, to July 15, 2015, to debentureholders under option B (as defined in the information circular) will also be paid in shares.

Number of creditors: 88 creditors

Insiders: Diane Black, $26,919, 448,653 shares at six cents; Michael Black, $26,919, 448,653 shares at six cents

Total pro roup involvement: $191,141, 3,185,689 shares at six cents (11 creditors)