49 NORTH RESOURCES INC. ANNOUNCES NEW CHIEF FINANCIAL OFFICER
TSX Venture Exchange symbol FNR
SASKATOON, Oct. 15 /CNW/ - Tom MacNeill, President and Chief Executive Officer of 49 North Resources Inc. ("49 North") (TSX Venture: FNR) is pleased to announce Andrew Davidson, CA has been appointed as Chief Financial Officer and Secretary of the company.
A graduate of the University of Calgary (BComm), Mr. Davidson is also a Chartered Accountant (CA). Mr. Davidson's extensive experience in Canadian and International Financial Reporting Standards has been gained through years of experience in public practice accounting in both the Alberta and Saskatchewan markets, focusing specifically on assurance for publicly listed enterprises.
Mr. Davidson replaces Mr. Robert M. Guist, CMA, who has acted as interim Chief Financial Officer and Secretary. 49 North extends its sincere thanks to Mr. Guist for stepping in and contributing to the management and corporate governance of the company during his tenure as an officer.
In connection with the appointment of the company's new Chief Financial Officer and Secretary, the board of directors of 49 North has approved a grant of 60,000 stock options to Mr. Davidson pursuant to the company's 2008 Stock Option Plan. The options are exercisable at $2.00 per share, and if not exercised, expire October 15, 2020, subject to earlier expiration in accordance with the 2008 Stock Option Plan and applicable policies of the TSX Venture Exchange.
49 North is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies. Additional information about 49 North is available at www.sedar.com.
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.
%SEDAR: 00022505E
For further information:
49 North Resources Inc.
Tom MacNeill
President and Chief Executive Officer
306-653-2692 or [email protected].
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