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C Level Bio International Holding Inc. announces closing of its Qualifying Transaction, concurrent private placement, name change, securities consolidation, new Board of Directors and change of trading symbol
C Level Bio International Holding Inc. announces closing of its Qualifying Transaction, concurrent private placement, name change, securities consolidation, new Board of Directors and change of trading symbol.
About this update from Urz3 Energy Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, Feb. 27 /CNW Telbec/ - Further to its news release of\nFebruary 16, 2007, C Level Bio International Holding Inc. (TSXV-CLV.P) ("C\nLevel"), a Capital Pool Company, in accordance with the policies of the TSX\nVenture Exchange Inc. (the "Exchange"), is pleased to announce the closing of\nits Qualifying Transaction as described in the previous press releases issued\nby C Level regarding the acquisition of all the issued and outstanding shares\nof Nevada Exploration Inc. ("Nevada) in accordance with C Level's filing\nstatement (the "Filing Statement") and the applicable policies of the\nExchange. The filing statement is available to the public through the Exchange\nand SEDAR at the following address: www.sedar.com.\n\n\nC Level and Nevada concurrently announce the release to Nevada of the\nproceeds of the pre-announced brokered private placement of Nevada by way of\nsubscription receipts as described in C Level's Filing Statement for gross\nproceeds of $2,000,000. This private placement is in addition to the\npreviously announced $2,000,000 non-brokered private placement closed by\nNevada in December 2006 and the aggregate amount of $1,150,000 raised by\nC Level as a Capital Pool Company since its inception.\n\n\nAs part of the closing, C Level also (i) filed articles of amendment to\nchange its corporate name to "Nevada Exploration Inc." and to consolidate its\nsecurities on a 2 for 1 basis and (ii) appointed its previously announced new\nBoard of Directors formed of newly appointed directors Wade Hodges, Kenneth\nTullar and David Carbonaro, who will be joining existing directors\nDaniel Pharand (founding director of Aurelian Resources Inc.: TSX: ARU) and\nJean-Francois Pelland, the whole in conformity with the resolutions of the\nshareholders of C Level passed on January 25, 2007 and as disclosed in the\nFiling Statement of C Level. Nevada also filed for articles of amendment to\nchange its corporate name to a numbered company under the laws of Ontario,\nwhich will eventually be wound-up into C Level.\n\n\n35,000,000 C Level common shares (at a deemed subscription price of $0.30\npost-consolidation) for a purchase price of $10,500,000 and 3,664,718 Series A\nWarrants entitling their holders to acquire one C Level common share\n(post-consolidation) at a price of $0.45 p...