09:48 AM EST - NewNorth Projects Ltd. : Announced that Rivera Suites Hotel Limited Partnership has filed a statement of claim for $5,000,000 against the arm's length purchaser in respect the previously announced conditional purchase and sale agreement to dispose of NewNorth's 50% interest in the Partnership. NewNorth is of the view that all conditions to completion in respect of the Fort McMurray Transaction have been satisfied and the Purchaser is obligated to complete the Fort McMurray Transaction in accordance with its terms. NewNorth Projects Ltd.
