Nobel29 Resources Corp. Completes Reverse Takeover Transaction Nobel29 Resources Corp. (TSXV: NBLC) (formerly Novo19 Capital Corp.) (the
Company ) is pleased to announce that it has closed its previously announced reverse takeover transaction (the
Transaction ) with Nobel Resources Corp. (the
Target ), a private company incorporated under the laws of the Province of Ontario with mining assets located in Chile. The Company will carry on the business of the Target, which is now a wholly-owned subsidiary of the Company. The Company intends to continue from British Columbia into Ontario and change its name to Nobel Resources Corp. , subject to applicable laws.
Lawrence Guy, Chairman of Nobel comments, we are excited to have our company listing and commence building value for our shareholders as we develop our Algarrobo copper project, in Chile. Drilling has commenced and we look forward to initial results in the coming weeks.
Novo19 Capital Corp. Announces Signing of Definitive Agreement with Nobel Resources Corp.
Novo19 Capital Corp. (
Novo19 ), an unlisted reporting issuer in British Columbia and Alberta, is pleased to announce it has entered an amalgamation agreement dated January 12, 2021 (the
Definitive Agreement ) with Nobel Resources Corp. (
Nobel ), a private resource company incorporated under the laws of the Province of Ontario.
Pursuant to the Definitive Agreement, Novo19 and Nobel have agreed to complete a three-cornered amalgamation (the
Amalgamation ) pursuant to which Novo19 intends to acquire all of the issued and outstanding common shares of Nobel (
Nobel Shares ) in exchange for the issuance of common shares of Novo19 (