Canada Iron Inc.: Canada Iron Announces Reverse Takeover Transaction with Humble & Fume and Subcription Receipt Financing
Canada Iron" or the "
Letter
Agreement") dated February 23, 2021 with Humble & Fume Inc. ("
Humble") to complete a business combination by way of a transaction that will constitute a reverse takeover of the Company by Humble (the "
Transaction"). The resulting issuer from the Transaction (the "
Resulting Issuer") will carry on the current business of Humble. In addition, Canada Iron is pleased to announce that Humble intends to complete a private placement of subscription receipts to raise aggregate gross proceeds of a minimum of $10,000,000 (the "
Humble
Description of Humble and its Business