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Nubian Resources Announces Results of Annual & Special Meeting of Shareholders and First Tranche Closing of Private Placement
TORONTO, June 28, 2024 (GLOBE NEWSWIRE) -- Nubian Resources Ltd. (TSX-V: NBR | OTCQB: NBRFF) (“Nubian” or the “Company”) is pleased to announce the results of i
About this update from Carlton Precious Inc
[{"type":"text","content":" TORONTO, June 28, 2024 (GLOBE NEWSWIRE) -- Nubian Resources Ltd. (TSX-V: NBR | OTCQB: NBRFF) (“Nubian” or the “Company”) is pleased to announce the results of its annual and special meeting of shareholders (the “Meeting”) held earlier today. A total of 25,851,321 common shares of the Company were represented at the Meeting, representing approximately 41% of the total number of common shares of the Company issued and outstanding. All matters presented for approval at the Meeting were duly authorized and approved including: (1) setting the board of directors at five; (2) election of all five management nominees (Marc Henderson (Chair), Matthew Andrews, Markus Janser, Campbell Smyth and Martin Walter (CEO)) to the board of directors of the Company; (3) the appointment of DeVisser Gray LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration; (4) re-approval of the stock option plan; (5) approval of the alteration of the Company’s articles to provide for an Advance Notice Provision; and (6) board authorization to change the name of the Company. The Company also announces that further to its press release of April 11, 2024, the Company has closed an initial tranche of the private placement financing (the “Private Placement”) with the issuance of 4,416,667 units at a price of $0.06 per unit for gross proceeds of $265,000. Each unit is comprised of one common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company, with each Warrant entitling the holder to purchase one common share of the Company at a price of $0.08 for a period of 24 months after the closing date. In connection with the Private Placement, the Company paid finder’s fees of $10,150 cash and issued 169,166 finder’s warrants in accordance with the policies of the TSX Venture Exchange. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The Private Placemen...