Business
Noble Completes Arrangement
(via TheNewswire) Toronto, Ontario - TheNewswire - February 25, 2020 -...
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"Noble Completes Arrangement(via TheNewswire)\n \n \nToronto, Ontario - TheNewswire - February 25, 2020 - Noble Mineral Exploration Inc. (\"Noble\" or the \"Company\") (TSXV:NOB) (FSE:NB7) (OTC:NLPXF) is pleased to announce the completion of the previously announced plan of arrangement (the \"Arrangement\") with Canada Nickel Company Inc. (\"Canada Nickel\") under the Business Corporations Act (Ontario) (the \"OBCA\"). The Arrangement was approved by Noble's shareholders on December 27, 2019 in accordance with the requirements of the OBCA, and the Ontario Superior Court of Justice (Commercial List) issued a final order for the Arrangement on January 8, 2020. The Arrangement has taken effect at 12:01 am on February 25, 2020.\n\n\n \nUnder the Arrangement, in exchange for each common share of Noble (\"Noble Shares\") held at the effective time of the Arrangement, each Noble shareholder is entitled to receive one new common share of Noble and a pro rata portion of 10,000,000 shares of Canada Nickel distributed among the common shareholders of the Company (collectively, the \"Consideration\"). At the effective time of the Arrangement, with 148,197,739 common shares of Noble outstanding immediately prior to the effective time for the Arrangement, the distribution ratio of Canada Nickel shares to Noble shareholders will be approximately 0.06748 Canada Nickel share for each common share of Noble held. \n\n\n \nIn order to receive the Consideration to which they are entitled, registered holders of Noble Shares (including investors who participated in the recent private placement by Noble-see Noble's news release of February 11, 2020) will be required to deposit to TSX Trust Company their share certificate(s) for current Noble Shares with a duly completed letter of transmittal (as provided with the information circular for the special meeting of Noble shareholders held on December 27, 2019). TSX Trust Company is acting as depositary for the Arrangement. Shareholders of Noble whose common shares of Noble are registered in the name of a broker, dealer, bank, trust company or other nominee (including investors who participated in the recent private placement by Noble-see Noble's news release of February 11, 2020-and hold their Noble Shares in that manner) should contact their nominee with questions regarding how to receive the Consideration....