|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.008 - 0.011|
|52 Week Range||0.006 - 0.080|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SPRING, TX / ACCESSWIRE / May 15, 2018 / True North Energy Corporation, a Nevada corporation (OTC PINK: TNEN) ("True North" or the "Company"), today provides further updates to the matters disclosed in its May 10, 2018 press release. Specifically, the Company announces that it has received a response to its letter from the owner of Kryptonite Korea Limited ("Kryptonite") wherein the Company proposed to rescind/cancel the Kryptonite acquisition and other commercial terms. Legal counsel for Kryptonite responded that Kryptonite was terminating the contract.
SPRING, TX / ACCESSWIRE / May 10, 2018 / True North Energy Corp. (OTC PINK: TNEN) ("True North" or the "Company"), announces that that it will not proceed with the acquisition transaction contemplated by the August 2017 term sheet previously entered into with migme ltd, an Australian company ("Migme") (which term sheet was subsequently extended and amended in December 2017 and further extended in April 2018)(the "Term Sheet"). The last offer put forth by Migme and its wholly-owned subsidiary, Amiki Pte Ltd. ("Amiki"), was insufficient in funding commitments and legal content to satisfy True North's requirements, and Migme failed to respond to outstanding due diligence requests made by True North, dating back months ago. Notwithstanding the Company's decision not to accept the Migme/Amiki offer for a combination transaction contemplated by earlier negotiations, various binding commitments set forth by Migme/Amiki remain in effect, including, but not limited to, a non-circumvention provision which includes no shop language binding Migme, and Migme's obligations to deliver certain assets and undertake certain actions for the benefit of True North, which Migme has, to date, failed to comply with.
True North Energy Enters Into $1.7 Million Convertible Debt Funding And Acquires Leading Korean Technology Developer Kryptonite SPRING, TX / ACCESSWIRE / January 8, 2018 / True North Energy Corp. (OTC ...