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CALGARY, Alberta and TORONTO, March 24, 2023 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Firm”), is happy to announce Lance McIntosh as Chief Monetary Officer.

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Mr. McIntosh has over 45 years of expertise in company monetary reporting, audit and monetary administration in varied industries together with asset administration, know-how, pharmaceutical, service provider banking, and company finance.

Mr. McIntosh has particular experience in monetary operations administration, monetary administration and management, M&A, and each challenge and acquisition financing. Mr. McIntosh has held senior monetary positions with quite a few important non-public and public firms. He has, amongst different issues, overseen the monetary operations, the company improvement operate, and the ‘going public’ course of for 2 main Canadian firms.

Over 10 years, ending in 2012, he developed and managed from start-up a gaggle of distinctive enterprise entities/operations and the company infrastructure required to assist the complete various group. As Senior Monetary Advisor to this distinctive group of entities, throughout this era he nurtured and oversaw the expansion of an natural farm; a hydro-electric energy technology group; an funding financial institution; and, the Paloma Basis – all from authentic idea to completely functioning working entities. He was accountable, both alone or in live performance with different professionals, for creating and sustaining the entire working techniques and procedures required for every of those working models; he was particularly charged to make sure these working models remained true to their mandate and focus, whereas exercising sound enterprise practices.

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Lance started his enterprise profession as a student-in-accounts with Worth Waterhouse & Co. and acquired his designation as a chartered accountant in 1977. He’s at present a member in good standing of the Institute of Chartered Skilled Accountants of Ontario and of Canada. Mr. McIntosh graduated cum laude, receiving his H.B.A. from Trinity School, College of Toronto.

Magnetic North has accepted the resignation of Ms. Cindy Davis. We thank Ms. Davis for her exhausting work, experience, and tireless efforts with Magnetic North.   

About Magnetic North Acquisition Corp.

Magnetic North invests and manages companies on behalf of its shareholders and believes that capital alone doesn’t at all times result in success. With workplaces in Calgary and Toronto, our skilled administration crew applies its appreciable administration, operations and capital markets experience to make sure its investee firms are as profitable as potential for shareholders. Magnetic North shares commerce on the TSX Enterprise Change underneath the inventory image MNC. For extra details about Magnetic North, go to its web site at www.magneticnac.com. Magnetic North’s securities filings can be accessed at www.sedar.com.

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Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information
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