49 North Resources announces that with respect to the maturity of its outstanding 2015 2.5% Convertible Senior Secured Debentures – Series 1, it has paid today, in cash, due interest in the amount of approximately $2.50 per $100 principal amount of the Series 1 Senior Debentures, however, the Company has not paid the principal due and owing in the amount of $2,746,827. 49 North instead intends to seek approval from the
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