Business
Noble Iron Announces Annual and Special Meeting of Shareholders
Will seek approval for winding up of the Company Toronto, Ontario--(Newsfile Corp. - June 19...
About this update from Noble Iron, Inc.
[{"type":"text","content":"Noble Iron Announces Annual and Special Meeting of ShareholdersWill seek approval for winding up of the CompanyToronto, Ontario--(Newsfile Corp. - June 19, 2023) - Noble Iron Inc. (TSXV: NIR.H) (\"Noble Iron\", or the \"Company\") is pleased to announce that it has called an annual and special meeting of shareholders (the \"Meeting\") to be held on July 12, 2023. The record date for determining shareholders entitled to receive notice of and vote at the Meeting has been set as May 16, 2023. At the Meeting, in addition to general business such as the election of directors and the appointment of auditors, shareholders will be asked to approve a special resolution authoring the voluntary liquidation and dissolution of Noble Iron (the \"Winding Up\"), which proceedings are expected to include the distribution of cash (the \"Distribution\") to shareholders in one or more instalments as part of the Winding Up. The shareholders will also be asked to approve the delisting of its common shares from the TSX Venture Exchange (the \"TSXV\") and the application to the Ontario Securities Commission and other applicable securities regulators to cease being a reporting issuer, both in due course, as part of the Winding Up. In all cases, the Winding Up and related resolutions will grant to the board of directors of the Company the discretion to discontinue the Winding Up and related matters if the board determines it is in the best interests of the Company to do so.Noble Iron anticipates that an initial distribution of approximately CDN$0.30 per share will be made as promptly as practicable following the approval of the shareholders of the Winding Up, by way of a return of capital. Any further distribution of cash, if any, will be made in one or more instalments following the satisfaction of all outstanding liabilities, including expenses of the Winding Up, and an assessment of available funds, if any, on a distribution date to be determined pursuant to the plan of liquidation and dissolution. Important information about the Meeting, the Winding Up and the anticipated distribution can be found in the management information circular that is being mailed to shareholders and posted to www.SEDAR.com under the Company's profile.The Winding Up, the Distribution and related matters are subject to the receipt of all required consents and approvals, inclu...