Northern Aspect Resources Ltd.

TSX VENTURE : NTH.P


January 07, 2014 13:11 ET

Northern Aspect Resources Ltd. Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - Jan. 7, 2014) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Northern Aspect Resources Ltd. (the "Corporation") (TSX VENTURE:NTH.P), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), announces that, in accordance with Exchange Policy 2.4 (the "CPC Policy"), the Corporation has not completed a Qualifying Transaction (as such term is defined in the CPC Policy) within the timeframe required by the Exchange. As a result, the Corporation's common share have been suspended from trading on the Exchange. The Corporation has been notified by the Exchange that in order to avoid delisting on the Exchange by a delisting deadline of April 2, 2014, it must either transfer to the NEX or receive final Exchange acceptance of a Qualifying Transaction.

The Corporation is currently considering its alternatives and exploring options to improve its working capital position. The Corporation will provide a further update once it has completed its consideration of all alternatives.

Certain statements in this release are forward-looking statements, which include the expectations of management regarding its consideration of strategic alternatives. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of the Corporation. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Corporation undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northern Aspect Resources Ltd.
    John Thomson
    Chief Financial Officer
    +44 7876 474609
    +44 1828 686817 (FAX)