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Noble to Complete 1 for 5 Share Consolidation
Toronto, Ontario – January 17, 2017 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces that the TSX Venture Exchange has approved a share consolidation of the common shares of the Company (the “Common Shares”) on the basis of five (5) pre-consolidation Common Shares for one (1) new post-consolidation Common Share (the “Share Consolidation”). The Share Consolidation will be effective at the opening of the market on Wednesday, January 18, 2017. The Company’s name and trading symbol will remain unchanged.
Upon the Share Consolidation taking effect, the Company’s currently issued and outstanding 179,748,650 Common Shares will be consolidated into approximately 35,949,730 issued and outstanding post- consolidation Common Shares.
Non-registered shareholders holding their Common Shares through a bank, broker or other nominee should note that such banks, brokers or other nominees may have different procedures for processing the Share Consolidation than those put in place by the Company for registered shareholders. Non-registered shareholders should consult their broker for
further information.
The Share Consolidation was approved by the shareholders of the Company at the 2016 Annual General and Special Meeting of shareholders held on December 8, 2016 and was previously announced by the Company (see the news releases issued on August 24, November 18, and December 14, 2016). The Company believes that the completion of the Share Consolidation should facilitate future financings by the Company, as these may be accomplished through the issuance of additional Common Shares at prices higher than the minimum share issuance price permitted under TSX Venture Exchange policies.
Thanks for this, rickface!
The download for DenseLight is especially interesting.
Can anyone read/interpret the POET thyristor VCSEL pictures and graphs on slide 12?
I like the heading: "Demonstrated Results".
By-Pass trades, at below the ask, knocking down the share price of both Peat and Noble today. Done through TD Securities.
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This popped up on Photonics.com yesterday (bold mine):
Developed by Luxmux Technology, the BeST-SLED light source will ultimately reduce greenhouse gas emissions and water usage through detection efficiencies. It is already being used in the medical and manufacturing industries.
https://www.photonics.com/Article.aspx?AID=61376
In the October 12th NR it was stated that "This strategic partnership is expected to enable unique capabilities in the exacting and demanding fields of bio-medical applications"
It seems they've made their medical application expectations a reality? Looking forward to finding out more.
Edit: it seems the medical application has something to do with OCT (Optical coherence tomography)
From ooggee's second batch of AGM notes:
"Reminded those in attendance that we are still in the early stages of the transition but they anticipate that the work required will take 4-6 mos. (which I thought was very exciting!)"
&
"This will happen when the pivot to the GR has been completed and then a special AGM will be called asking for shareholder approval in approx 4-6 months"
The AGM was early in May, which puts the anticipated six month date for the gesture recognition technology and the special AGM in September, 2016. Obviously that date has come and gone.
What do we think (if anyone's still paying attention to the POET Puppies at this point)? Have POET's delays reverberated on through to Peat delays? Something else holding us back? Any expectations looking forward?
I hear you, cheapinski. Some of the previous sales contracts have been considered "material news" however, even when we get a news release, the details are vague.
Take for instance the recently announced (Nov. 28th) customer contract in China: "During the quarter, the Company completed internal qualification and began early production of DenseLight 2.5G DFB (distributed feedback) lasers, winning an initial customer order in China for applications in the Passive Optical Network (PON) broadband access network architecture".
This order could singlehandedly push us into positive revenue? Or it could be for very little? Same goes for the Luxmux partnership.
I understand the need for secrecy, but if everything we do is continually held behind a wall of NDAs, why pay so much for investor relations? With the amount of info that's reaching investors since the New Communications and Disclosure Policy, maybe POET should hire a mime to do its PR?