Noble Provides Update on its Property Transactions with Canada Nickel
Investingnews - Noble Mineral Exploration Inc. (TSXV:NOB) (OTC:NLPXF) (FSE:NB7) (“Noble” or the “Company”) is pleased to provide updates on its previously announced property transactions (the “Property Transactions”) with Canada Nickel Company Inc. (“Canada Nickel”) to be completed pursuant to a Memorandum of Agreement (the “MoA”) and subsequent definitive agreements (see Noble’s news release issued on March 4, 2020).
Noble also announces that it has received conditional approval of the Property Transactions from the TSX Venture Exchange (the “TSXV”). The closing of the Property Transactions is subject to, among other things, entering into definitive agreements, approval of Noble’s disinterested shareholders, receipt of an independent geological report, and the final approval of the TSXV.
The Property Transactions are being submitted to the approval of the Noble’s disinterested shareholders at the annual general and special meeting of shareholders to be held on May 5, 2020 (the “Meeting”). As further described in the management information circular (the “Circular”) prepared for the Meeting (available on SEDAR under the Company’s profile), the Property Transactions comprise the following:
(i)the transfer to Canada Nickel of patented properties and mining claims which Noble refers to as the “Crawford Annex”;