NewNorth Announces Amalgamation

    




 CALGARY, Feb. 1, 2012 /CNW/ - NewNorth Projects Ltd. ("NewNorth")   announces that it has completed an amalgamation with its  wholly-owned subsidiary, Ninety North Construction & Development Ltd  (the "Subsidiary"). Pursuant to the amalgamation, all of the issued and  outstanding securities of the Subsidiary have been cancelled and the  assets, obligations and liabilities of the Subsidiary have been assumed  by NewNorth. No securities of NewNorth have been issued in connection  with the amalgamation and the share capital of NewNorth remains the  same. 

 The amalgamation of NewNorth and the Subsidiary was undertaken in order  to simplify the corporate structure of NewNorth and to reduce  accounting and other administrative costs. The amalgamation will not  have any significant effect on the business and operations of NewNorth. 

 Neither the 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. 

 The contents of this release have not been approved or disapproved by  any securities authority or stock exchanges. 

NewNorth Projects Ltd.


CONTACT:  Mr. Greg N. Herndier, Chief Executive Officer or Mrs. ShannonCook,Controller at [phone] 


    

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