TriNorth Capital Inc.
TriNorth is a Canadian-based investment company that invests in a portfolio of companies to generate long-term capital growth for shareholders. TriNorth takes an active interest in its investee companies from the earliest stages, providing strategic and financial counsel, support and direction to assist in their growth and success. TriNorth's investment strategy includes structuring and initiating deals focused on particular resources, themes or regions as well as launching the development of businesses in select industries by providing assistance with the hiring of management teams, providing seed capital and facilitating IPOs.
At December 31, 2010, TriNorth has one major investment – a 17% equity interest in Feronia Inc. Feronia is a palm oil producer and arable farming company in Africa. See Investments for more information. On April 1, 2011 TriNorth announced it is exploring several plans for dealing with its shareholding in Feronia including the distribution of those shares to TriNorth’s shareholders on a tax-efficient basis. TriNorth will require an additional infusion of capital if it is to make any new investments. It is the intention of the Company to engage a new manager to manage its business and assets and, with the backing and support of the new manager, raise additional equity capital for investment. TriNorth is listed on the TSX Venture Exchange and trades under the symbol TRT.