True North Energy Corp. plans to segregate its existing overriding royalty interests (ORRIs) in the Cook Inlet and Beaufort Sea areas of Alaska and northwest Colorado, into a new subsidiary and plans to pursue additional acquisitions, funding permitting.
In addition, the company has established a wholly-owned Hong Kong subsidiary, Marco Capital Limited. Headquartered in Hong Kong, Marco Capital Limited is planned to explore emerging market, including China, opportunities in various industries.
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True North Energy Corporation
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