Business
Noble Obtains Final Order for Plan of Arrangement
TORONTO - TheNewswire - January 10, 2019 - Noble Mineral Exploration Inc. (TSXV:NOB) (OTC:NLPXF) (FWB:NB7) ("Noble" or the "Company") is pleased to announce tha
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"TORONTO - TheNewswire - January 10, 2019 - Noble Mineral Exploration Inc. (TSXV:NOB) (OTC:NLPXF) (FWB:NB7) (\"Noble\" or the \"Company\") is pleased to announce that it has obtained a final order of the Ontario Superior Court of Justice (Commercial List) (the \"Final Order\") with respect to the Company's proposed plan of arrangement authorizing the completion of a proposed reorganization, the primary result of which will be the distribution of approximately 10,000,000 common shares of Canada Nickel Company Inc. (\"Canada Nickel\") to the shareholders of Noble. The Final Order was granted after the shareholders of Noble overwhelmingly approved the arrangement at a special shareholder meeting on December 27, 2019. (Please see Noble's news release of December 30, 2019.) The arrangement is being completed pursuant to the Implementation Agreement signed by Noble, Canada Nickel and other parties. (For more information regarding the Implementation Agreement and related transactions, see Noble's news releases of October 1, 2019 and November 28, 2019, as well as the management information circular dated November 29, 2019 prepared for the special shareholder meeting of Noble held on December 27, 2019.) The Company is now working to satisfy the remaining conditions for the completion of the arrangement as specified in the Implementation Agreement, and will advise shareholders when the anticipated date for the completion of the arrangement is known. Contacts (Noble):H. Vance White, President Phone: 416-214-2250 Fax: 416-367-1954 Email: [email protected] Investor Relations Email: [email protected] About Noble Mineral Exploration Inc. Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, holds in excess of 78,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com. Noble's common shares trade on the TSX Venture Exchange under the symb...