TSXV: NOVR
OTCQB: NOVRF
The Arrangement resolution required approval from at least 66 2/3% of the votes cast by Nova Shareholders present at the Meeting or represented by proxy and entitled to vote at the Meeting. The Arrangement also required a simple majority of the votes cast by Nova Shareholders, excluding the votes cast by certain persons as required by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101").
Of the votes cast at the Meeting with respect to the Arrangement, an aggregate 49,590,253
Of the votes cast excluding certain persons as required by MI 61-101, an aggregate 33,221,686
Nova intends to seek a final order of the
Further information about the Arrangement is available in Nova's management information circular (the "Circular") dated
On Behalf of
Interim CEO
Phone: (647) 970-4113
Website: www.novaroyalty.com
Neither the
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively referred to herein as "forward-looking statements"). The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this press release include: expectations regarding the timing for obtaining the final order; statements with respect to the Arrangement; receipt of stock exchange and other regulatory approvals and satisfaction or waiver of conditions in respect of the Arrangement; the anticipated timing of the closing of the Arrangement; and other statements that are not historical facts. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the Company not obtaining the final order, or Shareholder or stock exchange approvals; all conditions to completion of the Arrangement not being satisfied or waived and the Arrangement not being completed as anticipated; and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated
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