76.01 F
New York
July 27, 2021
United States

Norden Crown Pronounces Share Consolidation Efficient Date and Confirms Closing of Non-public Placement

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION
TO U.S. WIRE SERVICES/

VANCOUVER, BC, June 21, 2021 /CNW/ – Norden Crown Metals Corp. (“Norden Crown” or the “Firm“) (TSXV: NOCR) (OTC:NOCRF) (Frankfurt: 03E) is happy to announce that it has obtained approval from the TSX Enterprise Alternate (the “TSXV“) to finish the consolidation of the issued and excellent widespread shares of the Firm on the premise of three current widespread shares for one new consolidated widespread share (the “Consolidation“), and the Firm has closed into escrow its beforehand introduced non-brokered personal ‎placement (the “Non-public Placement“).‎

Norden Crown Metals Corp. Emblem (CNW Group/Norden Crown Metals Corp.)

Consolidation

Additional to its information launch of April 22, 2021, the Firm has obtained TSXV approval to finish the Consolidation. The Consolidation will probably be efficient at market open on June 23, 2021 (the “Efficient Date“). The Firm is not going to change its title as a part of the Consolidation however will difficulty new share certificates underneath a brand new CUSIP quantity.

The Firm’s widespread shares will proceed to commerce on the TSXV underneath its present image, “NOCR”.

Non-public Placement

The Firm has additionally closed the Non-public Placement into escrow, with the securities to be issued underneath the Non-public Placement to be issued on a post-Consolidation foundation on the Efficient Date.

This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in america. The securities haven’t been and won’t be registered underneath the United States Securities Act of 1933 as amended (the “1933 Act“), or any state securities legal guidelines and is probably not provided or offered inside america or to, or for the account or good thing about U.S. individuals (as outlined in Regulation S underneath the 1933 Act) absent such registration or an relevant exemption from such registration necessities.

About Norden Crown Metals Corp.

Norden Crown is a mineral exploration firm centered on the invention of silver, zinc, copper, and gold deposits in distinctive, historic mining challenge areas spanning Sweden and Norway. The Firm goals to find new financial mineral deposits in recognized mining districts which have seen little or no trendy exploration methods. The Firm is led by an skilled administration staff and an completed technical staff, with profitable observe information in mineral discovery, mining improvement and financing.

On behalf of Norden Crown Metals Corp.

Patricio Varas, Chairman and CEO

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

Cautionary Be aware Concerning Ahead-Wanting Statements

This information launch accommodates sure statements which may be deemed “ahead–trying statements”. Ahead–trying statements are statements that aren’t historic info and are typically, however not all the time, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “initiatives”, “potential” and comparable expressions, or that occasions or situations “will”, “would”, “might”, “might” or “ought to” happen. Ahead-looking statements might embrace, with out limitation, statements referring to completion of the Non-public Placement on the phrases described herein or in any respect, using proceeds of the Non-public Placement, the deliberate exploration actions on the Fredriksson Gruva challenge, and the completion of the Consolidation on the phrases described herein or in any respect.‎ Though Norden Crown believes the expectations expressed in such forward-looking statements are primarily based on affordable assumptions, such statements are usually not ensures of future efficiency, are topic to dangers and uncertainties, and precise outcomes or realities might differ materially from these within the ahead–trying statements. Such materials dangers and uncertainties embrace, however are usually not restricted to: the danger that the Firm can not full the Non-public Placement or the Consolidation on the phrases described herein, on the timing described herein or in any respect, the proceeds of the Non-public Placement getting used in a different way than as described herein, dangers associated to difficulties in executing exploration applications on the Fredriksson Gruva property on the Firm’s proposed schedules and inside its value and scheduling estimates, whether or not attributable to climate situations, issues arising from the COVID-19 pandemic or the actions of the provincial or federal governments in response thereto, availability or interruption of energy provide, mechanical tools efficiency issues, pure disasters or pandemics within the areas the place it operates, the mixing of acquisition; dangers associated to present world monetary situations together with market response to the coronavirus outbreak; competitors throughout the trade; precise outcomes of present exploration actions; environmental dangers; modifications in challenge parameters as plans proceed to be refined; future worth of gold; failure of kit or processes to function as anticipated; accidents, and different dangers of the mining trade; delays in acquiring approvals or financing; dangers associated to indebtedness and the service of such indebtedness, in addition to these components, dangers and uncertainties recognized and reported within the Firm’s public filings underneath Norden Crown’s SEDAR profile at www.sedar.com. Though Norden Crown has tried to determine necessary components that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking info, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. There will be no assurance that such info will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are made as of the date hereof and, accordingly, are topic to vary after such date. Norden Crown disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case until required by regulation.

SOURCE Norden Crown Metals Corp.

Cision

Cision

View authentic content material to obtain multimedia: http://www.newswire.ca/en/releases/archive/June2021/21/c6858.html

Related posts

Independence Vitality to Mix With Contango in All-Inventory

admin

Explainer: What occurred at China’s Taishan nuclear reactor?

admin

The US on-line playing market is projected to register a CAGR of 15.41% throughout the forecast interval (2020

admin

Leave a Comment