2777470 Ontario Inc. completed the acquisition of Nobelium Tech Corp. (TSXV:NBL.H) in a reverse merger transaction.
The completion of the transaction is subject to the negotiation of the definitive agreement; receipt of all requisite regulatory, stock exchange, court or governmental approvals, all required approvals, consents and authorizations of third parties have been obtained, including all necessary shareholder approval and the approval of the TSXV, Hank Payments shareholder approval and completion of the private placement, Nobelium shall be able to satisfy the minimum listing requirements of the TSXV as of completion of the merger, holders of the Hank Payment Warrants and Hank Payments Convertible Debentures have surrendered their securities for cancellation prior to closing, Nobelium shall have implemented the Name Change and the Consolidation and Nobelium shall have delivered all required resignations of officers and directors. On October 1, 2021, the TSX Venture Exchange has conditionally approved the business combination. The transaction remains subject to the final approval of the TSXV and satisfaction of closing conditions customary for transactions of this nature. As of December 23, 2020, completion of the transaction is expected to be on or before February 28, 2021. The closing of the transaction has been extended to April 2021. As of May 26, 2021, the completion of the transaction is expected to be on or before June 30, 2021. As of June 28, 2021, completion of the transaction is expected to be on or before July 31, 2021. As of July 31, 2021, completion of the transaction is expected to be on or before October 31, 2021. As of October 1, 2021, the transaction is expected to close on or about October 13, 2021. Computershare Trust Company of Canada acted a transfer agent to Nobelium Tech.
2777470 Ontario Inc. completed the acquisition of Nobelium Tech Corp. (TSXV:NBL.H) in a reverse merger transaction on October 13, 2021. As a result of the Qualifying Transaction, the security holders of Hank hold 62,606,293 Resulting Issuer Shares, representing approximately 89.41% of the Resulting Issuer Shares. Following completion of the Qualifying Transaction, the officers and directors of the Resulting Issuer are Michael Hilmer, Ashish Kapoor, Christopher Cicolini, Jason Ewart, Tamara Paton and Timothy Farley. Effective at the opening of trading on or about October 20, 2021 the Issuer will resume trading on the TSXV under the symbol HANK. David Brown of WeirFoulds LLP and Shutts & Bowen LLP acted as legal advisors to Hank. Jessome Law acted as legal counsel to Nobelium.