Business
Noble Announces Dividend of Shares in Canada Nickel Company Inc.
(TheNewswire) Toronto, Ontario – TheNewswire - March 9, 20...
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"Noble Announces Dividend of Shares in Canada Nickel Company Inc.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n Toronto, Ontario –\n \n \n TheNewswire -\n \n \n March 9, 2022 – Noble Mineral Exploration\nInc.\n \n \n (\n \n \n “Noble”\n \n \n or the\n \n \n “Company”\n \n \n )\n(TSXV:NOB\n \n \n )\n \n \n ,\n \n \n (\n \n \n FRANKFURT:NB7\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:NLPXF) announced that its Board of Directors approved a\n \n special dividend-in-kind (the “\n \n Dividend\n \n ”) of common shares of Canada Nickel Company Inc.\n(trading symbol TSX-V: CNC) (“\n \n CNC”)\n \n to Noble’s shareholders.  The Dividend ratio will\nbe 0.01725 of a CNC share per whole common share of Noble held (or\napproximately 1 CNC share per 58 Noble shares held).  No fractional\nshares will be distributed as part of the Dividend.  The shares of\nCNC being distributed were primarily acquired by Noble through the\ntransaction that was most recently discussed in Noble’s news release\nof December 20, 2021, as well as in other transactions.  After the\nDividend has been distributed, Noble anticipates that it will continue\nto hold nearly 2 million common shares of CNC, not including the\nadditional shares of CNC that Noble would receive if it completes the\nproposed transactions with CNC that are subject to approval by\nshareholders of Noble at its shareholder meeting on March 14, 2022.\n \n \n The Board of Directors of Noble has approved the Dividend and\nestablished the close of business on Monday, April 18, 2022 (the\n“\n \n Record Date\n \n ”) as the\nrecord date for the Dividend.  The Board of Directors has also\nestablished that the Dividend will be paid on or about Monday April\n25, 2022 (the “\n \n Dividend Payment\nDate\n \n ”).  Based on the current value of CNC shares, the\nDividend corresponds to more than 25% of the current value of\nNoble’s shares.  As a result, the TSX Venture Exchange\n \n (the “\n \n \n Exchange\n \n \n ”)\n \n will require Noble’s\nshares to trade on a “\n \n Due\nBill\n \n ” basis starting from the opening of trading on April 14,\n2022 (the last trading day before the Record Date) until the close of\nbusiness on...