• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

49 North Resources Inc. Acquires Additional Interest in Westcore Energy Ltd.

May 19, 20172:16 PM CNW

SASKATOON, May 19, 2017 /CNW/ – 49 North Resources Inc. (“49 North”) (TSXV: FNR), 602, 224 – 4th Avenue South, Saskatoon, Saskatchewan, announces that in connection with the closing of a non-brokered private placement by Westcore Energy Ltd. (“Westcore”) (TSXV: WTR), 602, 224 – 4th Avenue South, Saskatoon, Saskatchewan, 49 North acquired on May 16, 2017 ownership of 906,667 units (“Units”), each Unit comprised of one common share (“Common Share”) of Westcore, and one common share purchase warrant (“Warrant”). The Common Shares acquired by 49 North represent approximately 2.44% of Westcore's issued and outstanding Common Shares. The Warrants acquired by 49 North represent approximately 22.66% of the Warrants issued and outstanding.

Prior to the closing of the non-brokered private placement, 49 North owned 16,521,900 Common Shares, representing 49.92% of Westcore's issued and outstanding Common Shares. Upon completion of the private placement, 49 North owns 17,428,567 Common Shares, representing 46.98% of Westcore's issued and outstanding Common Shares. Prior to the closing of the non-brokered private placement, 49 North did not own any Warrants. Upon completion of the private placement, 49 North owns 906,667 Warrants, representing 22.66% of the issued and outstanding Warrants.

49 North acquired the Units at a price of $0.15 per Unit, for an aggregate price of $136,000.05. 49 North acquired the Units for investment purposes. 49 North may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including acquiring ownership or control over additional Common Shares or other securities of Westcore or the disposition of all or a portion of its holdings in open market or in privately negotiated transactions.

A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found at www.sedar.com.

49 North is a corporation incorporated pursuant to the laws of the Province of Saskatchewan. 49 North is a Saskatchewan focused resource investment company.  Its diversified portfolio of assets includes investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.

Neither 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.

SOURCE 49 North Resources Inc.

View original content: http://www.newswire.ca/en/releases/archive/May2017/19/c5358.html

Westcore Energy

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.