Northern Continental Resources Inc.
TSX VENTURE : NCR

Northern Continental Resources Inc.

December 17, 2007 19:18 ET

Northern Continental Resources Inc.: Hathor Concedes Problems in Takeover Offer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - In face of the Securities Commission application by Northern Continental Resources Inc. (TSX VENTURE:NCR), Hathor Exploration Limited has asked the Securities Commission to adjourn the hearing of the application to allow Hathor time to amend its hostile takeover offer in order to address deficiencies and provide full disclosure.

The Northern Continental Board of Directors remains adamantly opposed to Hathor's hostile takeover offer because it is not fair to NCR shareholders. In the meantime, the January 3, 2008 deadline for the offer no longer applies.

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.
    Alan Crawford
    President
    (604) 685-9255 or Toll Free: 1-800-449-4435
    Website: www.northerncontinental.ca