May 19, 2016 / 10:28 PM / in a year

BRIEF-Newnorth provides update on Fort Mcmurray sale

May 19 (Reuters) - Newnorth Projects Ltd

* Filed for claim for $5 million against purchaser in respect to conditional purchase and sale to dispose its interest in partnership

* Purchaser has indicated to company that it is not willing to complete fort Mcmurray transaction.

* Is of view that all conditions to completion in respect of fort Mcmurray transaction have been satisfied

* Intends to vigorously pursue all available rights and remedies against purchaser in respect of Fort Mcmurray transaction

* Says will provide an update in respect of status of Fort Mcmurray transaction when additional information is available

* Newnorth provides update on Fort Mcmurray sale

Source text for Eikon:

Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below