CORAL GOLD RESOURCES LTD. ("CLH")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: November 19, 2020
TSX Venture Tier 1 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with a plan of arrangement (the "Arrangement") pursuant to an arrangement agreement dated August 23, 2020, as amended October 2, 2020 (the "Arrangement Agreement") between Coral Gold Resources Ltd. ("Coral") and Nomad Royalty Company Ltd. ("Nomad"). Pursuant to the terms of the Arrangement Agreement, Nomad acquired all of the issued and outstanding shares of Coral for consideration of 0.80 of a Nomad common share, 0.40 of a share purchase warrant of Nomad (each whole warrant exercisable to acquire one common share of Nomad at a price of $1.71 for a period of 24 months from closing of the Arrangement), and $0.05 for each Coral share held.
The Exchange has been advised that approval of the Arrangement by shareholders of Coral was received at a meeting of the shareholders held on November 12, 2020 and that approval of the Arrangement was received from the Supreme Court of British Columbia on November 16, 2020. The full particulars of the Arrangement are set forth in the Information Circular of Coral dated October 9, 2020, which is available under Coral's profile on SEDAR.
Coral and Nomad closed the Arrangement on November 19, 2020.
Delisting:
In conjunction with the closing of the Arrangement, Coral has requested that its common shares be delisted. Accordingly, effective at the close of business, Friday, November 20, 2020, the common shares of Coral will be delisted from the Exchange.
Insider / Pro Group Participation: None
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