The Conversation (0)
NovX21 (TSXV:NOV) invites existing shareholders to participate in the proposed ancillary private placement. Shareholders who, as of the share register record date of April 7, 2015, held Common Shares of NovX21 and continue to hold Common Shares at the time of closing, may participate in the Ancillary Private Placement.
As quoted in the press release:
The Corporation is undertaking a private placement (the “Offering”) for a minimum of 1,000 units of the Company (the “Units”) and a maximum of 2,500 units at a unit price of $1,000 resulting in maximum gross proceeds of $2,500,000.
The net proceeds from the Offering will be used to complete the financing of a new commercial plant for the recovery of precious metals of the Platinum Group (Platinum, Palladium and Rhodium or PGMs) in Thetford Mines, Quebec, as well as for general corporate purposes.
Existing shareholders of NovX21 are invited to participate in the proposed ancillary private placement of NovX21 (the “Ancillary Private Placement to Shareholders” and, together with the Private Placement, the “Offering”). Existing shareholders of NovX21 who wish to participate in the Ancillary Private Placement to Shareholders are encouraged to contact the Agent by email at pbernard@jonesgable.com for additional information.
Only shareholders of the Corporation who, as of the share register record date of April 7, 2015 held Common Shares of the Corporation and continue to hold Common Shares at the time of closing may participate in the Ancillary Private Placement to Shareholders. The aggregate subscription cost to an existing shareholder for the Units subscribed under the Ancillary Private Placement to Shareholders cannot exceed $15,000, unless such shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer.
Existing shareholders who are residents of the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Québec, New Brunswick, Nova Scotia, Prince Edward Island, Yukon, Northwest Territories and Nunavut may participate in the Ancillary Private Placement to Shareholders and existing shareholders resident in countries other than Canada will need to meet local jurisdiction requirements to participate. Shareholders resident in Ontario and Newfoundland and Labrador are not permitted to participate in the Ancillary Private Placement to Shareholders.
Click here to read the NovX21 (TSXV:NOV) press release
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