NewNorth Announces Amalgamation
January 31 2012 - 6:23AM
PR Newswire (Canada)
CALGARY, Feb. 1, 2012 /CNW/ - NewNorth Projects Ltd. ("NewNorth")
announces that it has completed an amalgamation with its
wholly-owned subsidiary, Ninety North Construction &
Development Ltd (the "Subsidiary"). Pursuant to the amalgamation,
all of the issued and outstanding securities of the Subsidiary have
been cancelled and the assets, obligations and liabilities of the
Subsidiary have been assumed by NewNorth. No securities of NewNorth
have been issued in connection with the amalgamation and the share
capital of NewNorth remains the same. The amalgamation of NewNorth
and the Subsidiary was undertaken in order to simplify the
corporate structure of NewNorth and to reduce accounting and other
administrative costs. The amalgamation will not have any
significant effect on the business and operations of NewNorth.
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. The contents of this release have not
been approved or disapproved by any securities authority or stock
exchanges. NewNorth Projects Ltd. CONTACT: Mr. Greg N. Herndier,
Chief Executive Officer or Mrs. ShannonCook,Controller at
(403)531-0280
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