Noble Iron Announces Results of Annual and Special Meeting of Shareholders

About this update from Noble Iron, Inc.

[{"type":"text","content":"Noble Iron Announces Results of Annual and Special Meeting of ShareholdersShareholders approved voluntary winding up of the CompanyToronto, Ontario--(Newsfile Corp. - July 12, 2023) - Noble Iron Inc. (TSXV: NIR.H) (\"Noble Iron\", or the \"Company\"), further to its press release of June 19, 2023, is pleased to announce the results of its annual and special meeting of shareholders (the \"Meeting\") held today. At the Meeting, the shareholders appointed RSM Canada LLP as auditors of the Company to hold office until the close of the next annual meeting of shareholders or until their successor is appointed, at such remuneration as may be fixed by the directors and elected the following persons to the Board of Directors: Nabil Kassam, Paul Strachman, Aly G. Mawji and Mary Van Santvoort.The shareholders also approved a special resolution authorizing the voluntary liquidation and dissolution of Noble Iron (the \"Winding Up\"). Over 74% of the outstanding shares were voted at the meeting, with 100% of such shares being voted in favour of the Winding Up resolution. The Winding Up will commence immediately and will proceed in accordance with the provisions of the Business Corporations Act (Ontario) and the plan of liquidation and dissolution approved at the Meeting by the Shareholders. The Winding Up will include the distribution of cash to shareholders in one or more instalments. An initial distribution of $0.30 per share (the \"Initial Distribution\") by way of a return of capital is planned, which is expected to be completed in the third quarter 2023. The details of the Initial Distribution will be announced as they become available. Further distribution(s) 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 approved at the Meeting. Important information about the Meeting, the Winding Up and the anticipated distribution(s), including the plan of liquidation and dissolution, can be found in the management information circular prepared in connection with the Meeting which is available at www.SEDAR.com under the Company's profile.In connection with the Winding Up, the shareholders also approved the del...

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