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| Home : True North Gems Enters Financial Agreement with Greenland's Largest Private Equity Fund |
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Feb 28
2013 |
True North Gems Enters Financial Agreement with Greenland's Largest Private Equity Fund |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2013) - True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") announces it has entered into a financial agreement with Greenland Venture A/S ("Greenland Venture"), the largest private equity fund in Greenland. Greenland Venture will invest a total of 4.5 million DKK (equivalent to approximately $800,000 CDN) with True North's wholly owned Greenlandic subsidiary True North Gems Greenland A/S ("TNGG"). These funds will be utilized for general working capital and will also facilitate the public hearings and other Greenlandic matters during the final stages of permitting for the Aappaluttoq Ruby Project. |
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| Source:http://www.marketwire.com/mw/release.do?id=1762117&sourceType=3 |
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