Northern Continental Resources Inc.
TSX VENTURE : NCR

Northern Continental Resources Inc.

December 04, 2007 13:06 ET

Northern Continental Directors Reject Hathor's Hostile Bid

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2007) - Northern Continental Resources Inc. (TSX VENTURE:NCR) has mailed to all shareholders of record a Directors' Circular discussing the recent hostile takeover attempt by Hathor Exploration Ltd. (TSX VENTURE:HAT). Hathor is offering NCR shareholders 0.4 HAT shares for each NCR share tendered to the bid.

NCR Directors, after reviewing independent analysis, have firmly rejected the Hathor offer.

Shareholders are urged to read the Directors' Circular posted on the company's website at www.northerncontinental.ca. It is also available on SEDAR's website at www.sedar.com.

NORTHERN CONTINENTAL RESOURCES INC.

Alan Crawford, President

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Northern Continental Resources Inc.
    Douglas Hickey
    VP Corporate Communications
    (604) 685-9255 or Toll Free: 1-800-449-4435
    Website: www.northerncontinental.ca