CALGARY, ALBERTA–(Marketwired – July 14, 2015) –
High North Resources Ltd. (TSX VENTURE:HN) (the “Company” or “High North“) is pleased to announce that all of the conditions to the previously announced plan of arrangement (the “Arrangement“) under the Business Corporations Act (British Columbia) with holders of its 12.00% convertible unsecured subordinated debentures have been satisfied, including receipt of final approval from the TSX Venture Exchange. The effective date for the completion of the Arrangement has been set at July 15, 2015 and the Company will issue a press release announcing the completion of the Arrangement.
Further details regarding the Arrangement are set forth in the information circular of High North dated April 30, 2015, which has been filed under High North’s SEDAR profile at www.sedar.com.
High North is a Calgary-based company that explores, develops and produces oil and natural gas in Western Canada. High North trades on the TSX Venture Exchange under the symbol HN.
Additional information about the Company is available under High North’s SEDAR profile at www.sedar.com.
[expand title=”Advisories & Contact”]Forward-looking Statements and Information
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of High North. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could”, “should” or “occur or be achieved. This news release contains forward-looking statements pertaining to, among other things, the completion of the Arrangement and the effective date for the completion of the Arrangement and the press release of the same. Forward-looking statements contain significant risks and uncertainties. A number of circumstances could cause results to differ materially from the results discussed in the forward-looking statements including, without limitation regulatory changes and certain other risks detailed from time to time in High North’s public disclosure documents, copies of which are available on High North’s SEDAR profile at www.sedar.com.
Although High North believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. High North’s actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, High North disclaims any intention or obligation to publically update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
High North Resources Ltd.
Paul Starnino
President, Chief Executive Officer, and Director
(403) 454-5565
pstarnino@hnresources.ca
www.highnorthresources.com
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