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
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