Northern Announces Closing of Remainder of Private Placement
August 06 2012 - 12:34AM
PR Newswire (Canada)
TORONTO, Aug. 7, 2012 /CNW/ - Northern Financial Corporation
("Northern" or the "Company") announces that it has closed the
remaining portion of the second tranche of the previously announced
private placement with the release of 2,000,000 common shares that
had previously been issued and held in escrow. This completes the
non-brokered private placement. About Northern Financial
Corporation Northern Financial Corporation wholly owns Northern
Securities Inc., a full service investment dealer that provides
financial advisory services to retail and institutional clients and
investment banking services to small capitalization companies. The
TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release. This press release may
contain forward-looking statements with respect to the Company, its
operations, strategy, financial performance and condition. These
statements generally can be identified by use of forward looking
words such as "may", "will", "expect", "estimate", "anticipate",
intends", "believe" or "continue" or the negative thereof or
similar variations. The actual results and performance of the
Company discussed herein could differ materially from those
expressed or implied by such statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Important factors that could cause
actual results to differ materially from expectations include,
among other things, general economic and market factors,
competition, changes in government regulations and the factors
described under "Risk Factors" in the Management's Discussion and
Analysis and Filing Statement of the Company which are available
at www.sedar.com. The cautionary statements qualify all
forward-looking statements attributable to the Company and persons
acting on their behalf. Unless otherwise stated, all
forward-looking statements speak only as of the date of this press
release and the Company has no obligation to update such
statements. Northern Financial Corporation CONTACT: Vic
AlboiniChairman and CEO(416) 644-8110
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