Business News • MarketWire • 49 North Resources Inc. Makes Annual Payment of Debenture Interest |
49 North Resources Inc. Makes Annual Payment of Debenture Interest |
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49 North Resources Inc. Makes Annual Payment of Debenture Interest
SASKATOON, SASKATCHEWAN--(Marketwire - July 26, 2010) - Mr. Tom MacNeill, President and CEO of 49 North Resources Inc. ("49 North") (TSX VENTURE:FNR), announced today that the company has paid, in cash, due interest in the amount of approximately $9 per $100 principal amount of its outstanding 9% convertible, unsecured, subordinated debentures ("Debentures"). Payment was made to debenture holders of record as of June 30, 2010. The total of the annual interest payment is $450,000.
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