Archive

April, 1. Nicolò Bedendo announced that the advisory committee he formed for True North, which was tasked to head a Reg S private placement program for the Company in Italy, has its first investor. This first subscription for a Convertible Promissory Note was made as part of the program supporting the Fintech strategy previously announced and funding has kicked off.…

Mr. Nicolo Bedendo', has been brought on board as Vice President. His duties will include completing feasibility studies to extend the Box 23 acquisition made late 2019 to include servicing a Fintech/Neobanking strategy in Europe. Mr. Bedendo' is a seasoned executive with an IT background and resides in Milan Italy. Nicolo Bedendo' stated: "I am happy to accept this challenge…

William Simmons, CEO said that True North reports gross revenues of US$937,772 for the second quarter, ended October 31 2019, in its filed quarterly financials. This reporting period includes the consolidation of its 51% 3StoreWeb S.r.l.

True North Energy Corporation announced that a new equity investment of $100,000 was received by the company out of a $212,500 binding subscription. The balance of the funds are scheduled over the next four months. The funds are designated for working capital and debt repayment. The investor will be issued a new series of preference share, convertible over three years…

True North Energy Corporation announced the acquisition of Box 23, Ltd, a UK organized entity, holding a majority interest in 3 Store Web SRL, an Italian entity located in Milan, Italy currently employing a staff of 36. 3 Store Web SRL serves as the exclusive seller of SIM cards and services as authorized by Wind Tre S.P.A., owned by Hutchison…

True North Energy Corporation announced earnings for the six months ended October 31, 2018 of $1,045,085 which represents basic earnings per share of $0.02 and fully diluted per share of $0.01. The gain reported includes non-recurring income from the settlement of convertible promissory obligations and the disposition of liabilities.

True North Energy Enters Into $1.7 Million Convertible Debt Funding And Acquires Leading Korean Technology Developer Kryptonite True North Energy Corp. announced that it has acquired 100% of the common shares in South Korea's leading digital media company, Kryptonite Korea Limited ("Kryptonite"). Kryptonite owns a diverse digital intellectual property portfolio and operates a variety of social media applications. The company…

Mike Simmons is identified as the new CEO to ferry this new TNEN and start the research phase of the new sector in which to route the company. True North Energy Corp. announced that effective immediately Gilbert Steedley, at his election, has tendered his resignation as Chief Executive Officer and sole director of True North and at Mr. Steedley’s request,…

True North Energy Corp. announced the appointment of an independent director to the board, Mr. William M. Simmons, effective today. Mr. Simmons has over thirty years experience in the oil and gas industry, working on projects worldwide, specializing in consulting, management and business development.  In addition, Mr. Simmons has worked as a writer, editor and investment analyst for offshore oil…

True North Energy Corporation has wons Auction for Royalty Interest in Woodford Shale Formation Located in Payne County, Oklahoma True North Energy Corporation ("True North") announced it received $50,000 in new funding. Through its newly established wholly-owned subsidiary, TN Energy, Inc. (the anticipated establishment of which was described in a previous press release) has won an auction and acquired a…