49 North Resources Inc.
TSX.V: FNR | $0.10 | +0.01
Volume: 79,875
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History

2012

January 2012, Capstock Financial has qualifying transaction and acquires Gaspe claims from FNR subsidiary Kimpar Resources and begins trading on TSX-V

February 2012, 49 North increases it’s ownership in All-Star energy to 100%

February 2012, Tembo Gold Corp. formerly Lakota Resources Inc. relists on the TSX-V

May 2012, 49 North Resource Flow Through Limited Partnership 2012 announces initial public offering

May 2012, Allstar Energy acquires additional heavy oil land bringing their total ownership or exclusive exploration rights to 58,000 acres in West Central Saskatchewan

July 2012, 49 North successfully recompletes second oil well at Riverside

July 2012, 49 North announces farm in at Riverside with Westcore Energy

September 2012, 49 North commences 3D seismic program on its Riverside lands

October 2012, 49 North signs letter of intent for acquisition of CVG by Omineca Mining and Minerals Ltd.

October 2012, 49 North Resource Flow Through 2012 announces launch of private placement

October 2012, 49 North announces completion of 3 new Viking wells at Kindersley and announces that Allstar’s current field-estimated total gross production is approximately 550boepd (with a net to Allstar of 400boepd)

October 2012, 49 North announces Allstar Energy’s entrance into an agreement to sell it’s Kindersley Viking assets for cash consideration totalling $24 Million


2011

January 2011, 49 North Acquires interest in Unity Energy Corp.

February 2011, Rollover of 2010 Limited Partnership assets into 49 North

May 2011, 49 North acquires an additional 25% interest in Vicarage Capital Ltd.

May 2011, 49 North announces filing of preliminary short form prospectus debenture offering (Minimum $2,000,000 and Maximum $10,000,000)


2010

February 2010, Rollover of 2009 limited partnership’s assets into 49 North

March 2010, Athabasca Potash acquired by BHP Billiton Canada for $8.35/share ($18.82 million to 49 North)

March 2010, 49 North Acquires 89.5% of Allstar Energy Ltd., a privately held oil and gas producer near Kindersley

April 2010, Announced a joint venture agreement with Westcore Energy Ltd. for Manitoba coal property

May 2010, Renegade Petroleum Ltd. completed its acquisition of Prairie Hunter Energy Corp. for $18.7 million (~1.44/share)

June 2010, Acquired 25% interest in Vicarage Capital Ltd.

October 2010, Raised $4.69 million on a Debenture Offering Memorandum

December 2010, 7th Flow-through update with $8.98 million


2009

June 2009, 49 North Resource Fund changed name to 49 North Resources Inc.

July 2009, 49 North raises $12.2 million through a regular equity raise

September 2009, 49 North acquires 50% ownership of strategic partner North Rim Exploration

November 2009, the 2009 Fund completes the closing of the 6th flow-through limited partnership offering raising $8.3 million.


2008

Effective January 1, 2008, FNR converts from its limited partnership structure into its current corporate structure under the name 49 North Resource Fund Inc. At the same the limited partnership units are consolidated and exchanged for common shares on a one common share for every two units basis, resulting in a total of 1,399,157 common shares being outstanding. The common shares are listed for trading on the TSX Venture Exchange at the opening on January 2 (symbol FNR).

The 2008 Fund files its (final) prospectus dated February 12, 2008 with securities regulators;

In February, 2008 the 2007 Fund merges into the Listed Fund in a Liquidity Transaction effective February 14 and completed February 26, 2007. Investors in the 2007 Fund exchange their units for common shares of 49 North Resource Fund Inc.; thereby expanding the Listed Fund’s portfolio to include holdings in over 50 resource companies and increasing the number of its outstanding common shares to a total of 1,896,677 shares.

May 12, 2008 the 2008 Fund completes the closing of the 4th 49 North flow-through limited partnership offering, raising $9,156,550 on the sale of 915,655 units at $10.00 per unit.

June 5, 2008 49 North to expand business operations - Shareholders Approve Stock Option and Shareholder Rights Plan

July 2008, 49 North raises $5.5 million through issuance of convertible debentures

December 2008, the 2008 II Fund completes the closing of the 5th flow-through limited partnership offering raising $2.2 million


2007

The 2006 Fund merges into FNR in a Transaction completed February 21, 2007. Investors in the 2006 Fund exchange their 2006 units for partnership units of FNR, increasing FNR’s portfolio to include holdings in over 40 resource companies and increasing its equity capital to a total of 2,798,314 units.

49 North 2007 Resource Flow-Through Limited Partnership (the 2007 Fund) raises $9,327,700 on the sale of 9,327,700 limited partnership units at $10.00 per unit in an initial public offering and related private placement in all provinces.

49 North 2008 Resource Flow-Through Limited Partnership (the 2008 Fund) files a preliminary prospectus with the securities regulators in all provinces and territories of Canada for an initial public offering of a maximum of 1,500,000 limited partnership units at $10 per unit.


2006

FNR is reorganized, changing its name to 49 North Resource Fund Limited Partnership. On December 28, 2006 the partnership units are listed on the TSX Venture Exchange (symbol FNR.UN).

49 North 2006 Resource Flow-Through Limited Partnership (the 2006 Fund) raises $8,115,030 on the sale of 1,623,006 limited partnership units at $5.00 per unit in an initial public offering in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.


2005

The inaugural 49 North Flow-Through Fund is established in July 2005 under the name 49 North Resource Flow-Through Limited Partnership (FNR). In December FNR completes an initial public offering in Saskatchewan raising $6,000,000 on the sale of 1,200,000 flow-through units at $5.00 per unit which is invested in an initial portfolio of flow-through shares of 14 resource companies.