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Redomiciliation To United Arab Emirates Completed - Falcon Energy Materials Announces Name Change, Strategic Partnership and Financing Discussions Progressing.
(TheNewswire) Abu Dhabi, United Arab Emirates – TheNewswire - July 2, 2024 &...
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"Redomiciliation To United Arab Emirates Completed - Falcon Energy Materials Announces Name Change, Strategic Partnership and Financing Discussions Progressing.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Abu Dhabi, United Arab Emirates –\n \n \n TheNewswire -\n \n \n July 2, 2024 – Falcon Energy Materials\nplc\n \n \n (TSXV: SRG)\n \n \n , formerly\nSRG Mining Inc.\n \n \n (“\n \n \n Falcon\n \n \n ”\n \n \n or the “\n \n \n Company\n \n \n ”\n \n \n ), is pleased\nto announce the completion of its redomiciliation to the jurisdiction\nof the Abu Dhabi Global Market (the “\n \n \n ADGM\n \n \n ”) in the\nUnited Arab Emirates (the “\n \n \n UAE Redomiciliation\n \n \n ”). The UAE\nRedomiciliation will provide the Company with expanded strategic\noptions as it advances its partnership discussions. Additionally, the\nUnited Arab Emirates (“\n \n \n UAE\n \n \n ”) has double taxation and bilateral\ninvestment treaties with the Republic of Guinea, where Falcon’s\nprimary asset, the Lola Graphite Project, is located.\n \n \n \n \n The proposal to continue the Company out of the federal\njurisdiction of Canada under the\n \n \n Canada Business Corporations\nAct\n \n \n and into the jurisdiction of the ADGM along\nwith the adoption of new articles of continuance, as detailed in the\nCompany’s information circular and proxy statement dated April 15,\n2024, was approved by approximately 93% of the Company’s\nshareholders who voted in person or by proxy at the Company’s annual\nand special meeting of shareholders held on May 17, 2024. The TSX\nVenture Exchange\n \n \n (“\n \n \n TSXV\n \n \n ”)\n \n \n has conditionally approved the UAE Redomiciliation.\n \n \n \n \n Matthieu Bos, Chief Executive Officer of Falcon,\ncommented, “With the redomiciliation to Abu Dhabi, we have created a\nunique platform with a domiciliation in the UAE and a listing on the\nTSX Venture Exchange. Falcon Energy Materials aims to become a UAE\nchampion, delivering key energy materials at a competitive cost to\ntransition to a carbon-neutral world economy”.\n \n \n \n \n “The falcon is a significant symbol in UAE culture,\nadmired for its strength, courage, and vi...