Noble Mineral spinoff of Canada Nickel

Feb 26, 2020

2020-02-25 18:53 ET – Major Transaction Completed

Effective at the opening of business on Thursday, Feb. 27, 2020, as a result of the completion of a court-approved plan of arrangement under the Business Corporations Act (Ontario), pursuant to an arrangement agreement dated as of Nov. 14, 2019, between Noble Mineral Exploration Inc. and Canada Nickel Company Inc., whereby 10 million commons shares of Canada Nickel will be distributed to the shareholders of Noble Mineral, the Cusip number of common shares of Noble Mineral will be changed to 65506N101. The arrangement was approved by Noble Mineral’s shareholders pursuant to special resolution passed at the special meeting held on Dec. 27, 2019. The arrangement has been completed on Feb. 25, 2020.

Under terms of the arrangement, each Noble Mineral shareholder will receive one new common share of Noble Mineral and 0.06748 of a common share of Canada Nickel for each Noble Mineral common share held immediately before the effective time of the arrangement. The common shares of Canada Nickel will commence trading on the TSX Venture Exchange effective at the opening on Thursday, Feb. 27, 2020.

Registered holders of Noble Mineral shares (including investors who participated in the recent private placement by Noble Mineral) were provided with a letter of transmittal. Each registered shareholder of Noble Mineral must forward TSX Trust Company, 100 Adelaide St. W, Suite 301, Toronto, Ont., M5H 4H1, a properly completed and signed letter of transmittal, with accompanying Noble Mineral share certificates, in order to receive share certificates or DRS Advices evidencing the new common shares of Noble Mineral and the common shares of Canada Nickel to which such Noble Mineral shareholder is entitled under the arrangement.

There is no change in the company’s name and no consolidation of capital as a result of the arrangement.

Postarrangement

Capitalization: unlimited shares with no par value, of which 148,197,739 shares are issued and outstanding

Escrow: nil

Transfer agent: TSX Trust Company

Trading symbol: NOB (unchanged)

Cusip No.: 65506N101 (new)

For further details, please refer to Noble Mineral’s management information circular dated Nov. 29, 2019, and news releases dated Oct. 1, 2019, Dec. 13, 2019, Dec. 30, 2019, Jan. 10, 2020, Feb. 19, 2020, and Feb. 25, 2020.

https://noblemineralexploration.com/