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Custodian Investment to buy minority shares of UPDC


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This is contained in a notice signed by Adeyinka Jafojo, Custodian Investment secretary, and sent to the Nigerian Exchange Limited (NGX) on Monday.
According to the statement, approval to proceed with an MTO was granted by the regulatory body on May 18, 2021.
Custodian said the MTO offer to minority shareholders of UPDC will involve the purchase of up to 34,415,332 ordinary shares of 50 kobo each, at a price of 90 kobo per share.
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“The Qualification Date for the Offer will be May 14, 2021, and Shareholders whose names appear on the Register of Members as of the date, other than UAC of Nigeria Plc and Custodian Investment Plc are eligible to participate,” the statement read. ....

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Novo Announces Agents' Exercise of Over-Allotment Option and Closing of Brokered Financing Totaling C$26.4 Million


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VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE)
Novo Resources Corp. (
Novo or the
Company ) (TSX:NVO, NVO.WT, OTCQX:NSRPF) is pleased to report that it has closed its previously announced brokered private placement (the
Offering ) of special warrants of the Company (
Special Warrants ) to raise gross proceeds of approximately C$26.4 million. A syndicate of agents led by Clarus Securities Inc. and Stifel GMP as co-lead agents, together with PI Financial Corp., Haywood Securities Inc., CIBC World Markets Inc., and Echelon Wealth Partners Inc. (collectively, the
Agents ), exercised their over-allotment option to increase the size of the Offering from C$22 million to C$26.4 million. ....

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Novo Announces C$22 Million Private Placement Led by Clarus Securities and Stifel GMP


VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE)
Novo Resources Corp. (“
Novo” or the “
Company”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) has appointed Clarus Securities Inc. and Stifel GMP as co-lead agents on behalf of a syndicate of agents, to raise, by way of a marketed private placement, C$22 million ‎(or up to C$26.4 million if the Agents’ Option (as defined below) is exercised in full) (the “
Offering”).
Pursuant to the proposed Offering, the Company will issue special warrants (“
Special Warrants“) of the Company at a price of C$2.55 per Special Warrant. Each Special Warrant will be convertible into one unit of the Company (each, a “ ....

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