Business
C Level Bio International Holding Inc. announces approval of its shareholders to proceed with the corporate changes required to complete the acquisition of Nevada Exploration Inc.
C Level Bio International Holding Inc. announces approval of its shareholders to proceed with the corporate changes required to complete the acquisition of Nevada Exploration Inc..
About this update from Urz3 Energy Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, Jan. 26 /CNW Telbec/ - Further to its news releases of November\n14, 2006 and January 3, 2007, C Level Bio International Holding Inc.\n(TSXV-CLV.P) (\"C Level\"), a Capital Pool Company, in accordance with the\npolicies of the TSX Venture Exchange Inc. (the \"TSX V\"), is pleased to\nannounce that it has obtained the approval of its shareholders to proceed to\nthe corporate changes required to complete the acquisition of Nevada\nExploration Inc. (the \"Proposed Qualifying Transaction`). These changes were\nthe last conditions to be met in relation with the completion of the Proposed\nQualifying Transaction other than obtaining the applicable regulatory\napprovals.\n\n\nIn a special meeting of the shareholders of C Level held in Toronto\nyesterday, the shareholders of C Level overwhelmingly approved:\n\n\nthe election of David Carbonaro, Wade Hodges, Jean-Francois Pelland,\n\n\nDaniel Pharand and Ken Tullar as directors of C Level;\n\n\nthe change of name of C Level to \"Nevada Exploration Inc.\";\n\n\nthe consolidation of the common shares of C Level on a one (1)\n\n\nfor two (2) basis; and\n\n\nthe 2006 Employee Stock Option Plan and the increase of the number of\n\n\nCommon Shares reserved for issuance under the 2006 Employee Stock Option\n\n\nPlan to 9,983,333 before consolidation;\n\n\nsuch changes not to take effect until immediately following the\n\n\nCompletion of the Proposed Qualifying Transaction.\n\n\nAbout Nevada Exploration Inc.\n\n\nNevada Exploration Inc. is a Toronto-based junior exploration company,\nconstituted under the laws of the Province of Ontario, focused, through its\nwholly-owned Nevada incorporated subsidiary Pediment Gold LLC, on gold\nexploration in Nevada. It has 100% ownership interest in two exploration\nproperties in Nevada's major gold trends: the Fletcher Junction Property and\nthe Hot Pot Property, and is led by a highly experienced management team.\n\n\nOther Information\n\n\nCompletion of the Proposed Qualifying Transaction is subject to a number\nof conditions, including but not limited to the satisfaction of the minimum\nlisting requirements of the TSX V and acceptance of the Proposed Qualifying\nTransaction as C Level's qualifying transaction pursuant to its Policies and\nany other required approvals or consents. There can be no assurance that the\nProposed Qualifying Tr...