Enernorth Industries Inc.
AMEX : ENY
FRANKFURT : EPW1

Enernorth Industries Inc.

March 08, 2007 17:01 ET

EnerNorth Granted a 45 Day Extension to Make a Proposal Under the Bankruptcy and Insolvency Act (Canada)

TORONTO, ONTARIO--(CCNMatthews - March 8, 2007) - EnerNorth Industries Inc. (AMEX:ENY)(FRANKFURT:EPW1) (www.enernorth.com) ("EnerNorth" or the "Company") announces that on March 7, 2007 the Superior Court for the Province of Ontario granted the Company a 45 day extension to make a proposal to its creditors under the Bankruptcy and Insolvency Act (Canada) ("BIA").

EnerNorth is a junior oil and gas company carrying out operations through production, development and exploration of oil and gas in the Western Sedimentary Basin, Canada.

There are approximately 4.293 million shares issued and outstanding in the capital of the Company.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"), which reflect the Company's current expectations regarding the future results of operations, performance and achievements of the Company. The Company has tried, wherever possible, to identify these forward-looking statements by, among other things, using words such as "anticipate," "believe," "estimate," "expect" and similar expressions. These statements reflect the current beliefs of management of the Company, and are based on current available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors which could cause the actual results, performance or achievements of the Company to differ materially from those expressed in, or implied by, these statements. (See the Company's Annual Information Form and Annual Form 20 F for Risk Factors.) The Company is not obligated to update or revise these "forward-looking" statements to reflect new events or circumstances, unless required by securities law.

Contact Information

  • EnerNorth Industries Inc.
    Sandra Hall
    President
    (416) 861-1484
    Website: www.enernorth.com