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49 North Resources, Capstock Financial Plot Reverse Merger for Kimpar Resources

Resource investment company 49 North Resources Inc. (FNR.V) said Kimpar Resources, its 80 percent-owned exploration subsidiary has struck a deal with Capstock Financial Inc. (CPK-H.V) setting up a path for Kimpar to become a publicly traded company.

Capstock is a capital pool company and the reverse merger will constitute its qualifying transaction under TSX Venture Exchange rules. Kimpar in 2008 acquired copper-molybdenum claims in the Gaspe region of Quebec as well as a portfolio of other mineral exploration properties.

The firm previously had a similar reverse merger proposal in place with GA Capital Corp. although that deal fell apart in June 2009.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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