Jan 31 (Reuters) - Northern Blizzard Resources Inc
* Northern Blizzard Resources Inc. Announces waiver of condition in substantial issuer bid
* Northern Blizzard Resources Inc -received proposal from third party,whereby third party expressed an interest in effecting a business combination with Northern Blizzard
* Says "special committee was formed to review proposal. No agreement was reached and proposal has expired"
* Northern Blizzard-co has no indication as to third party's current intentions, including whether third party intends to submit additional proposal Source text for Eikon: Further company coverage: