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Noble Completes Arrangement

by Insidexploration
April 13, 2023
in Home Page, News Room, NOB, NOB News
0
Round Table Talk With Mark Selby, Vance White and Randy Singh.

Toronto, Ontario, 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.

Under 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.

In 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 the depository 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.

Details of the Arrangement, including a summary of the terms and conditions of the Arrangement Agreement, as amended, were disclosed in the management information circular of Noble that was mailed to shareholders of Noble, as well as option and warrant holders, in advance of the special meeting of Noble shareholders held on December 27, 2019.  A copy of the information circular is also available under Noble’s profile on SEDAR at www.sedar.com.

The completion of the Arrangement is subject to receipt of final approval of the TSX Venture Exchange.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in  Canada Nickel, 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 or https://insidexploration.com/nob/

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The content published on Insidexploration.com is based on current events, historical data, company news releases, sedar filings, technical reports and information provided by the companies we work with. These publications may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.   The publications on Insidexploration.com are for informational and entertainment purposes only and are not a recommendation to buy or sell any security. Always do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Please be sure to read company profiles on www.SEDAR.com for important risk disclosures. 

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CanadaNickel avatar; Canada Nickel Company @CanadaNickel ·
25 May 1661813174906093624

We have completed 18 holes at the Sothman property, with 11 of the holes targeting the Sothman West area and ten of the 11 holes encountering Ni mineralization. See highlights below.

Read more here: http://ow.ly/AquG50Ox2ub

$CNC.V $CNIKF #Nickel #NickelExploration #Drilling

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25 May 1661757826677583873

.@CanadaNickel reported drill results from regional targets, including assay results from the Sothman and Midlothian targets & observations from the Mann Northwest project. These are positive results that further confirm $CNC’s exploration model: http://ow.ly/uzTY50OwF8q #Nickel

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26 May 1662123562663288833

Thanks @allanbreports for your inaugural report. Looking forward to working with you and introducing your readers to $PUMA.v #staytuned #goldexploration #resourceinvesting #newbrunswick

Thanks @allanbreports for your inaugural report. Looking  forward to working with you and introducing your readers to $PUMA.v #staytuned #goldexploration #resourceinvesting #newbrunswick
Allan Barry Laboucan @allanbreports

Puma Exploration Has Hit High-Grade To Bonanza-Grade Gold In A Series Of Parallel Zones Open At Depth
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I’m seeing a very similar market for junior gold stocks as I saw back in the early days of the 2001 to 2011 gold and metals bull market. Basically, you could… https://twitter.com/i/web/status/1662102678942494721

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$ARH $ARH.V #COM #OOTT #News

Joe DeVries setting the table with team building

“Altima Resources Ltd. has appointed Dr. Sabin Boily and Dr. Bob Mummery to the board of technical advisers.”

@The_Woodi @maikan5

https://www.stockwatch.com/News/Item/Z-C!ARH-3412595/C/ARH

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News: @ExplorationPuma $PUMA Focused on Building a Gold Camp at its Williams Brook Gold Project

Puma’s President and CEO Marcel Robillard commented: “We continue to believe that the Williams Brook Gold Project is highly prospective for additional gold discoveries. Our work is… https://twitter.com/i/web/status/1661747923099725830

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24 May 1661361711050289153

Canada Nickel Announces New Discovery at Mann Northwest Property, Provides Update on Regional Drilling at Midlothian and Sothman
http://ow.ly/XcZO50OvnQ0

$CNC.V $CNIKF #CanadaNickel #Nickel #Drilling #Mining #MiningNews #Exploration #Sothman #Midlothian

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