TSX VENTURE COMPANIES
BULLETIN V2024-3745
NUVAU MINERALS INC. ("NMC")
[formerly AARDVARK 2 CAPITAL CORP. ("ACCB.P")]
BULLETIN TYPE: Resume Trading, Qualifying Transaction-Completed/New Symbol, Name Change and Consolidation
BULLETIN DATE: December 13, 2024
TSX Venture Tier 2 Company
Resume Trading
The common shares of the Company have been halted from trading since June 14, 2024, pending completion of a Qualifying Transaction.
Effective at the opening, Tuesday, December 17, 2024, the common shares of Nuvau Minerals Inc. will commence trading on TSX Venture Exchange under the new symbol "NMC".
Qualifying Transaction-Completed/New Symbol
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated November 14, 2024. As a result, at the opening on Tuesday, December 17, 2024, the Company will no longer be considered a Capital Pool Company. The Qualifying Transaction includes the following:
The Qualifying Transaction involves the arm's length acquisition of Nuvau Minerals Corp. in consideration of 47,785,419 common shares at a deemed price of $0.90 and 18,623,542 warrants with an exercise price between $0.75 and $1.35 and expiring from December 30, 2025 to April 3, 2027. Prior to completion of the Qualifying Transaction, Nuvau Minerals Corp. completed a brokered private placement of subscription receipts, resulting in the issuance of 10,207,531 common shares at a price of $0.90 per share and 5,103,765 warrants exercisable at $1.35 for 24 months from the closing of the Qualifying Transaction. The private placement Finders (aggregate) were issued 287,868 non-transferable warrants exercisable at $0.90 for a 2-year period.
A non-arm's length finder's fee of 200,000 common shares was issued in connection with the Qualifying Transaction.
11,850,002 common shares issued to Principals pursuant to the Qualifying Transaction will be subject to a Tier 2 Value Security Escrow Agreement to be released over a 36-month period. 541,667 common shares are subject to a CPC Escrow Agreement to be released over an 18-month period.
The Exchange has been advised that the above transactions have been completed.
In addition, the Exchange has accepted for filing the following:
Name Change and Consolidation
Pursuant to a resolution passed by shareholders on August 29, 2024, the Company has consolidated its capital on a 7.2 old for 1 new basis. The name of the Company has also been changed as follows.
Effective at the opening, Tuesday, December 17, 2024 the common shares of Nuvau Minerals Inc. will commence trading on TSX Venture Exchange, and the common shares of Aardvark 2 Capital Corp. will be delisted.
For further information, please refer to the Company's Filing Statement dated November 14, 2024, which is filed on SEDAR+.
The Company is classified as a "Nickel-Copper Ore Mining" company.
Capitalization: Unlimited shares with no par value of which
48,985,419 shares are issued and outstanding
Escrow: 12,391,669 common shares
Transfer Agent: TSX Trust Company
Symbol: NMC (new)
CUSIP #: 67120R 10 4 (new)
Company Contact: Peter van Alphen, President, Chief Executive Officer and Director
Company Address: 717B Hewiston Street, Thunder Bay, ON P7B 6B5
Company Phone Number: (647) 693-5478
Company Email Address: pvanalphen@nuvauminerals.com
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