TORONTO, Jan. 16 /CNW/ - Northern Financial Corporation ("Northern") (TSX: NFC) announced its acquisition today of 220,000 common shares of African Aura Resources Limited ("African Aura") (TSX-V: AAZ) representing approximately 0.33% of the total issued common shares of African Aura. The African Aura shares were acquired on the TSX Venture Exchange for investment purposes at an average price of $0.105 per share. Combined with the African Aura common shares previously owned, Northern now owns a total of 6,796,100 common shares, representing approximately 10.09% of the total issued common shares of African Aura.
Northern believes the common shares of African Aura are undervalued and wishes to assist in the enhancement of shareholder value.
About Northern Financial Corporation
Northern Financial Corporation wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies. Northern's head office is at 145 King Street West, Toronto, Ontario.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Northern's control which may cause actual results, performances or achievements of Northern to be materially different from those implied by such forward looking statements. This press release does not constitute an offer to purchase shares of African Aura.