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Capella Provides Extension for Norway Asset Sale Closing
Capella Provides Extension for Norway Asset Sale Closing Canada NewsWire VA...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n \n \n \n Capella Provides Extension for Norway Asset Sale Closing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 9, 2024\n \n \n /CNW/ -\n \n Capella Minerals Ltd\n \n (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (\"Capella\" or the \"Company\") announces that the Company and Polar Transition Metals AS (\"Polar\"; formerly \"NickelX AS\") have mutually agreed on a 90-day extension of the long-stop date in order to close the asset sale agreement previously announced on\n \n October 17, 2023\n \n (the \"Agreement\"). The amended long-stop date to close the Agreement is now\n \n July 7, 2024\n \n . This extension paves the way for the ongoing Initial Public Offering (\"IPO\") of Polar on Euronext Growth in\n \n Oslo, Norway\n \n .\n \n \n \n \n \n \n \n \n \n \n Julien Balkany\n \n , Chairman of Polar Transition Minerals AS said: \"\n \n We are pleased to be moving forward at full-speed with the IPO on Euronext Growth in\n \n Oslo\n \n and our objective is become the first publicly listed company in\n \n Norway\n \n exclusively focused on exploring, exploiting and supplying critical minerals essential for the energy transition. We are on track to complete the transaction with Capella in 2Q24. Polar Transition Minerals' aim is to contribute to the resurgence of a resilient mining industry in\n \n Norway\n \n while accelerating the pace of the energy transition and the supply of strategic metals in\n \n Europe\n \n .\"\n \n \n \n \n Revised\n \n \n Terms of the Asset Sale Agreement\n \n \n \n Capella has agreed to extend the closing of the Agreement announced on\n \n October 17, 2023\n \n , to\n \n July 7, 2024\n \n . In recognition of current market conditions, Capella has also agreed ...