Significant Premium to the Novamind Shareholders.The consideration being offered to the Novamind Shareholders under the Arrangement allows Novamind Shareholders to have an opportunity to participate in any potential increase in the value of Numinus after the effective date of the Arrangement. Ability to Participate in Future Potential Growth of Numinus.Novamind Shareholders are urged to carefully review the Circular and accompanying materials, as they contain important information regarding the Arrangement and its consequences to Novamind Shareholders.īenefits of the Arrangement to Novamind's Shareholders The Circular contains, among other things, details concerning the Arrangement, the background to and reasons for the favourable recommendation of the Arrangement by the board of directors of the Company (the "Board"), the requirements for the Arrangement to become effective, the procedure for receiving Novamind Shares issuable under the Arrangement for Numinus Shares, procedures for voting at the Meeting and other related matters. Assuming the Arrangement becomes effective, holders of common shares of Novamind (the "Novamind Shares") will receive 0.84 of a common share of Numinus (each whole common share, a "Numinus Share") for each Novamind Share held. The Arrangement is being proposed under, and is subject to the terms and conditions of, an arrangement agreement dated Apbetween Novamind and Numinus (the "Arrangement Agreement"). ("Numinus") by way of a court-approved plan of arrangement (the "Arrangement"). (CSE:NM)(OTCQB:NVMDF)(FSE:HN2) ("Novamind" or the "Company"), a leading mental health company specialized in psychedelic medicine, today announced it has filed with applicable Canadian securities regulatory authorities the management information circular (the "Circular") and related materials for the special meeting (the "Meeting") of the Company's shareholders (the "Novamind Shareholders") to be held on June 8, 2022, to approve the previously announced proposed acquisition of Novamind by Numinus Wellness Inc. TORONTO, ON / ACCESSWIRE / / Novamind Inc. Shareholders are encouraged to vote their common shares prior to the proxy deadline of Jat 2:00 p.m. Any failure to comply with this restriction may constitute a violation of U.S. Newswire Services or for dissemination in the United States.
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