Joseph D. Horne

December 22, 2009 16:05 ET

Acquisition of Common Shares in North Atlantic Resources Ltd.

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2009) - Joseph D. Horne ("Horne") acquired ownership of 121,000 common shares in the capital of North Atlantic Resources Ltd. ("North Atlantic") on December 18 and 21, 2009 on the TSX Venture Exchange. As a result of this transaction, Horne now owns, directly and indirectly, or controls, 3,603,000 common shares representing 10.35% of the issued capital of North Atlantic. On a fully-diluted basis, Horne owns or controls 6,603,000 common shares, assuming the exercise of all warrants, representing 17.46% of the issued and outstanding common shares of North Atlantic assuming that no further common shares of North Atlantic have been issued and no further exercise of any convertible securities by other securityholders. Horne acquired the 121,000 common shares for investment purposes only. Depending on market indications, Horne may from time to time in the future increase or decrease his ownership, control or direction, or exercise his right to acquire, additional common shares or other securities of North Atlantic through market transactions, private agreements or otherwise.

Contact Information

  • Joseph D. Horne
    PO Box 9
    Enfield, Nova Scotia
    B2T 1C6
    902-402-8266