Jan 27 (Reuters) - High North Resources Ltd HN.V :
* Announces that it will not oppose the appointment of a receiver
* Principal secured lender, atb financial served it with demands for the
repayment of all indebtedness owed to it by High North
* Says directors and management of the company intend to resign immediately
upon the appointment of the receiver
* Principal secured lender served s. 244 notices of intention to enforce
security pursuant to the bankruptcy and insolvency act
* Atb financial is applying to place the company into receivership and High
North will be consenting to this application
* Source text for Eikon
* Further company coverage HN.V