Magnetic North Acquisition Corp. Announces Filing of Fiscal Year End 2020 and First Quarter 2021 Results
June 02 2021 - 6:43PM
Magnetic North Acquisition Corp. (TSXV: MNC;
MNC.PR.A) (“
Magnetic North” or the
“
Company”) is able to announce that fiscal year
results for the period ended December 31, 2020 and first quarter
fiscal results for the period ended March 31, 2021 have been filed
on SEDAR. As a result of filing the annual results the Management
Cease Trade Order has lapsed and is no longer in effect. The
Management and Board of Directors of Magnetic North would like to
thank all the Company’s shareholders for their patience and
support.
The Company’s financials along with the related
management discussion and analysis’ may be found on SEDAR and on
the Company’s website at www.magneticnac.com.
About Magnetic North Acquisition Corp.
Magnetic North invests and manages businesses on
behalf of its shareholders and believes that capital alone does not
always lead to success. With offices in Calgary and Toronto, our
experienced management team applies its considerable management and
capital markets expertise to ensure its investee companies are as
successful as possible for shareholders. Magnetic North common
shares and preferred shares trade on the TSX Venture Exchange under
the stock symbol MNC and MNC.PR.A, respectively. The TSX Venture
announced that Magnetic North is a “2021 TSX Venture 50” recipient.
For more information about Magnetic North, visit its website at
www.magneticnac.com. Magnetic North’s securities filings can also
be accessed at www.sedar.com.
For Further Information, Please
Contact:
Graeme Dick |
Stephen McCormick |
Investor Relations |
VP, Capital Markets |
403-451-0939 |
403-451-0939 |
graeme@colwellcapital.com |
stephen@magneticnac.com |
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD
LOOKING INFORMATION
This news release contains “forward-looking
information” within the meaning of Canadian securities legislation.
Forward-looking information generally refers to information about
an issuer’s business, capital, or operations that is prospective in
nature, and includes future-oriented financial information about
the issuer’s prospective financial performance or financial
position. The forward-looking information in this news release
include the statement regarding the Company satisfying the
conditions of the ASC in order to have the MCTO revoked.
The Company has made certain material
assumptions, including but not limited to: prevailing market
conditions; general business, economic, competitive, political and
social uncertainties; and the ability of the Company to execute and
achieve its business objectives to develop the forward-looking
information in this news release. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
Actual results may vary from the forward-looking
information in this news release due to certain material risk
factors. These risk factors include but are not limited to: adverse
market conditions; reliance on key and qualified personnel; and
regulatory and other risks associated with the industries in which
the Company's portfolio companies operate, in general. The Company
cautions that the foregoing list of material risk factors and
assumptions is not exhaustive.
The Company assumes no obligation to update or
revise the forward-looking information in this news release unless
it is required to do so under Canadian securities legislation.
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