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Noble Announces Plan to Distribute Shares of Homeland Nickel Inc. by Plan of Arrangement; Calls Special Shareholder Meeting for May 7, 2026
(TheNewswire) Toronto, Ontario – TheNewswire - February 12, 2026 – Noble Mi...
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"Noble Announces Plan to Distribute Shares of Homeland Nickel Inc. by Plan of Arrangement; Calls Special Shareholder Meeting for May 7, 2026\n(TheNewswire)\n\n\nToronto, Ontario – TheNewswire - February 12, 2026 – Noble Mineral\nExploration Inc. (“Noble” or\nthe “Company”) (TSX-V: NOB, FRANKFURT: NB7, OTCQB.PK:NLPXF) announced that\nits Board of Directors has approved moving ahead with steps that would\nresult in a distribution (the “Distribution”) of 9,000,000 common shares of\nHomeland Nickel Inc. (trading symbol TSX-V: SHL, OTC: SRCGF)\n(“Homeland”) to the shareholders of the Company.  The Board of Directors\nhas approved the implementation of the Distribution through a plan of\narrangement (the “Plan of\nArrangement”) whereby the outstanding share\ncapital of the Company would be reorganized, with the common shares of\nNoble being replaced with: (1) on a one-for-one basis, new shares of\nNoble that would be listed on the TSX Venture Exchange; and (2) a\npro rata portion of the Homeland shares being distributed.  \n\n\nIn order to complete the Distribution, the shareholders of Noble must\napprove the Plan of Arrangement by supra-majority, and that plan must\nalso by approved in court.  A special shareholder meeting is being\ncalled for May 7, 2026 (the “May 7\nShareholder Meeting”) to seek the required shareholder\napproval, with the record date for voting at that special shareholder\nto be set at March 27, 2026.  Assuming court and shareholder\napprovals are granted for the Plan of Arrangement, Noble anticipates\nthat the Distribution would be concluded as soon as possible after the\nMay 7 Shareholder Meeting.\n\n\nNote that the Company’s annual general and special shareholder\nmeeting of February 26, 2026 will proceed as planned, and the Plan of\nArrangement will not be submitted to shareholders for approval at that\nmeeting.\n\n\nWhile it is hoped that completing a capital\nreorganization and the related Distribution through the Plan of\nArrangement will enable some or all of the Distribution to be\ncompleted as a return of capital, a final determination in that regard\ncannot be reached until closer to the date of the Distribution when,\namong other factors, the market value of the Homeland shares at...