Business
Josemaria Resources Inc. and NGEx Minerals Ltd. Announce TSX Venture Exchange Approval and Listing of NGEx Minerals Common Shares
VANCOUVER, Aug. 20, 2019 /CNW/ - Josemaria Resources Inc. (TSX: JOSE) (OMX: JOSE) ("Josemaria") and NGEx Minerals Ltd. ("NGEx Minerals") are pleased to announce
About this update from Ngex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, Aug. 20, 2019 /CNW/ - Josemaria Resources Inc. (TSX: JOSE) (OMX: JOSE) (\"Josemaria\") and NGEx Minerals Ltd. (\"NGEx Minerals\") are pleased to announce that NGEx Minerals has received confirmation from the TSX Venture Exchange (the \"TSXV\") that the conditions for listing have been satisfied and the TSXV has issued its Final Exchange Bulletin on August 16, 2019 confirming the approval of the listing of the common shares of NGEx Minerals (the \"NGEx Minerals Common Shares\") on the TSXV. The NGEx Minerals Common Shares commence trading today on the TSXV as a Tier 2 Issuer under the ticker symbol \"NGEX\". Pursuant to the closing on July 17, 2019 of the previously announced spin-out of Josemaria's Los Helados property (the \"Los Helados Project\") and certain other exploration properties to NGEx Minerals by plan of arrangement under the Canada Business Corporations Act (the \"Arrangement\"), on July 29, 2019, Josemaria distributed 100% of the NGEx Minerals Common Shares it received under the Arrangement to holders (\"Josemaria Shareholders\") of common shares of Josemaria (the \"Josemaria Common Shares\") on a pro rata basis. Josemaria Shareholders of record in Canada as of July 24, 2019 (the \"Canadian Record Date\") and Josemaria Shareholders of record in Sweden as of July 26, 2019 (the \"Swedish Record Date\") have received one NGEx Minerals Common Share for every two Josemaria Common Shares held. The difference in record dates in Canada and Sweden was necessary due to the difference in time zones and other technicalities. No additional action is required by Josemaria Shareholders in order to receive NGEx Minerals Common Shares. NGEx Minerals Common Shares have been affiliated with Euroclear Sweden AB (\"Euroclear Sweden\"), whereby Josemaria Shareholders who hold their shares through Euroclear Sweden as of the Swedish Record Date have received the NGEX Minerals Common Shares. The NGEx Minerals Common Shares were delivered to the same securities accounts as the Josemaria Common Shares were registered as of the Swedish Record Date. In addition, NGEx Minerals had agreed with its Swedish agent Pareto Securities AB to, for a limited period of time up until August 16, 2019, provide shareholders who received their NGEx Minerals Common Shares under the Arrangement through Euroclear Sweden the oppo...