Noble Mineral garners court nod for reorganization

Jan 10, 2020

2020-01-10 07:43 ET – News Release

Mr. H. Vance White reports

NOBLE OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT

Noble Mineral Exploration Inc. has obtained a final order of the Ontario Superior Court of Justice (Commercial List) 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 million common shares of Canada Nickel Company Inc. 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 Dec. 27, 2019. (Please see Noble’s news release of Dec. 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 Oct. 1, 2019, and Nov. 28, 2019, as well as the management information circular dated Nov. 29, 2019, prepared for the special shareholder meeting of Noble held on Dec. 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.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration 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, Ont., holds in excess of 78,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81.

We seek Safe Harbor.

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