NEMI Northern Energy and Mining Inc (CNSX:NNE) Begins Trading on Canadian National Stock Exchange (CNSX) - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, March 16, 2012 - NEMI Northern Energy and Mining
Inc. (CNSX:NNE) begins trading on Canadian National Stock Exchange (CNSX).
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of NEMI Northern Energy and Mining. If this link is not enabled, please
visit www.InvestmentPitch.com and enter "NEMI" in the search box.
Prior to its CNSX listing the company traded on the Toronto Stock Exchange. The
company's principal business interest consisted of a 12% interest in Peace River
Coal Limited Partnership, which operates the Trend Mine near Tumbler Ridge in
northeastern British Columbia.
Following the sale of this asset in September of 2011 for $73 million, and the
subsequent cancellation of 38 million common shares, and $10 million in
convertible debentures, the company had no significant business assets other
than cash. Consequently, the company no longer met the continued listing
requirements of the Toronto Stock Exchange and therefore it listed on the CNSX.
The company is now operating as a specialized merchant bank whose principal
activity will be the development of its asset and equity portfolio. Initially,
the company's primary target investments will be in shares of small-cap and
micro-cap public companies. The company has commenced evaluating new business
and investment opportunities, a task for which the company's management appears
well suited.
NEMI's CEO, Michael Cooney stated, "NEMI's focus going forward will be to
continue to build shareholder value by identifying and capitalizing upon
investment opportunities that may be overlooked in today's markets."
Eventually it is anticipated that NEMI's investment portfolio may consist of
various business assets including mineral properties, publicly traded and
private company securities, equity investments that could include control
interests or interests of significant influence, convertible securities, and
purchase rights.
NEMI is currently bid $0.90 and offered at $1.02, and with approximately 16.6
million shares outstanding, is capitalized at approximately $17 million, a
healthy discount to its $22 million cash position.
For more information, please visit NEMI's website at www.nemi-energy.com, call
their CEO, Michael Cooney, at 415-339-8825 or email mcooney(at)nemi-energy.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing short three minute videos based on news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 16.03.2012 - 20:39 Uhr
Sprache: Deutsch
News-ID 125780
Anzahl Zeichen: 3650
contact information:
Kategorie:
Business News
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