Business News • MarketWire • 49 North Resources Inc. Increases Interest in DNI Metals Inc. |
49 North Resources Inc. Increases Interest in DNI Metals Inc. |
|
|
49 North Resources Inc. Increases Interest in DNI Metals Inc.
SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 5, 2010) - 49 North Resources Inc. ("FNR") (TSX VENTURE:FNR) of 602, 224 - 4th Avenue South, Saskatoon, Saskatchewan announces that in connection with the closing of a private placement offering by DNI Metals Inc. ("DNI") on August 4, 2010 it acquired ownership of 2,142,858 common shares of DNI (representing 7.38% of DNI's outstanding common shares) and 535,714 warrants, each exercisable into a common share of DNI for $0.20 per share (representing 23.49% of DNI's outstanding warrants). Prior to the closing of the private placement, FNR owned 3,096,375 common shares of DNI.
View More : http://www.marketwire.com/mw/release.do?id=1301042&sourceType=3
|
|
|