What's a Facebook Page and Why do we have one?

Oh heavens, now North of 50 has a Facebook Page.  We already had a Facebook Group and I am not clear on what the difference is, but I do know this...

I foolishly made a bet that I could get fifty (50) people to visit the page and click on LIKE in the next week.  It was explained to me why this was important, but I didn't quite understand.  The trouble with me is I can't turn down a challenge and now I have to ask all of you to help me win the bet. 

Please visit North of 50's facebook page at

http://www.facebook.com/pages/North-of-50-Degrees-Newsmagazine/63324367480 and click on "LIKE" on the bottom left of the page. 

Many thanks.

TJ