Northstar Electronics Announces Loan Settlement

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VANCOUVER, BC — (Marketwire) — 11/02/12 — Northstar Electronics, Inc. (PINKSHEETS: NEIK) has been working closely with Empower Technologies to negotiate the principal terms of existing loans to be assumed by Empower at the closing of the Northstar Network Limited (NNL) transaction. Following several months of negotiations, we are pleased to announce that a settlement agreement has been signed with NNL-s major creditor.The terms and conditions of the settlement are confidential, but both comp