OK2 Announces Proposed Closing Date of Consolidation, Change of Name, Private Placement and Acquisition
OK2 Minerals Ltd. has applied to the TSX Venture Exchange for: (1) a change of name to Norra Metals Corp., (2) a consolidation of the company’s issued and outstanding common shares on the basis of one new common share for three old common shares, (3) the approval of the private placement of 12,326,667 postconsolidated units at six cents per postconsolidated unit for a total amount of $739,600, which consists of one common share and one-half of one share purchase warrant exercisable for a term of two years at 10 cents for each whole warrant to purchase an additional common share of the company, and (4) the acquisition of the following properties:
- The Bleikvassli project composed of six licences;
- The Meraker project composed of 21 licences;
- The Sagvoll project composed of 11 licences;
- The Bastutrask project composed of two mineral exploration licences.
The company has proposed a closing date for all of the foregoing of Feb. 15, 2019.
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August 12, 2017