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VANCOUVER, BRITISH
COLUMBIA--(Marketwire - July 28, 2009) - Northern Continental Resources
Inc. (TSX
VENTURE:NCR) ("Northern Continental" or the
"Company") announced today that in light of the termination
of the Arrangement Agreement between Denison Mines Corp. and Northern
Continental, Northern Continental has cancelled the special meeting of
Northern Continental shareholders to be held on July 30, 2009.
Pursuant to Northern Continental's acceptance of the superior proposal
from Hathor Exploration Limited, offering Northern Continental
shareholders 0.1389 of a Hathor common share for each Northern
Continental common share (the "Hathor Arrangement"), Northern
Continental has scheduled a special meeting of its shareholders for
September 25, 2009, at which shareholders will be asked to approve the
Hathor Arrangement.
Further details of the Hathor Arrangement will be included in the
formal Arrangement Agreement to be entered into between Hathor and
Northern Continental and in the Management Information Circular to be
filed with the regulatory authorities and mailed to Northern
Continental shareholders in accordance with applicable securities laws.
ON BEHALF OF THE BOARD
Warren Stanyer, President and CEO
This press release contains forward-looking information within the
meaning of Canadian securities laws. Such information includes, without
limitation, information regarding: the Hathor Arrangement and the
Special Meeting of Northern Continental Shareholders. These
forward-looking statements are made as of the date of this document and
Northern Continental does not intend, and does not assume any
obligation, to update these forward-looking statements. Although the
Company believes that such information is reasonable, it can give no
assurance that such expectations will prove to be correct.
Forward-looking information is typically identified by words such as:
believe, expect, anticipate, intend, estimate, postulate and similar
expressions, or are those, which, by their nature, refer to future
events. The Company cautions investors that any forward-looking
information provided by the Company is not a guarantee of future
results or performance, and that actual results may differ materially
from those in forward looking information as a result of various
factors, including, but not limited to, the state of the financial
markets for the Company's equity securities, the state of the market
for uranium or other minerals that may be produced generally, recent
market volatility, variations in the nature, quality and quantity of
any mineral deposits that may be located, the Company's ability to
obtain any necessary permits, consents or authorizations required for
its activities, to raise the necessary capital or to be fully able to
implement its business strategies and other risks associated with the
exploration and development of mineral properties. The reader is
referred to the Company's most recent annual and interim Management's
Discussion and Analysis for a more complete discussion of such risk
factors and their potential effects, copies of which may be accessed
through the Company's page on SEDAR at www.sedar.com. Although Northern Continental has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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