Nobel Resources Corp. and Novo19 Capital Corp. Announce Closing of Subscription Receipt Offering
Retrieved on:
Thursday, January 14, 2021
Nobel will use the net proceeds from the Offering for general corporate and working capital purposes.
Key Points:
- Nobel will use the net proceeds from the Offering for general corporate and working capital purposes.
- Upon satisfaction of the Escrow Release Conditions, each Subscription Receipt will be automatically exchanged, without any further action by its holder, and for no additional consideration, for one common share of Nobel (a "Nobel Share").
- Prior to the closing of the Amalgamation, Novo19 shall complete a consolidation (the "Consolidation") of Novo19 Shares on the basis of one (1) post-Consolidation Novo19 Share for every 6.6667 pre-Consolidation Novo19 Shares held.
- Upon completion of the Amalgamation, Novo19 (the "Resulting Issuer") will continue the business of Nobel under the name "Nobel Resources Corp.".