Novamind subscription1/30/2024 The Transaction was completed by way of a three-cornered amalgamation, pursuant to which Novamind Ventures amalgamated with a wholly-owned Ontario subsidiary of the Company. In addition, prior to closing of the Transaction, the subscription receipts of Novamind Ventures automatically converted into common shares of Novamind Ventures in accordance with their terms and the gross proceeds of CAD$10.0 million from the affiliated financing were released from escrow. Concurrent with closing of the Transaction, the Company also converted its outstanding debentures and debenture warrants in consideration for the issuance of an aggregate 916,640 post-consolidation Shares, resulting in 1,372,017 Shares being outstanding at the time of Closing of the Transaction. Prior to closing the Transaction, the Company completed a name change from “Hinterland Metals Inc.” to “Novamind Inc.” and a consolidation of its common shares (the “ Shares“) on the basis of one (1) post-consolidation Share for every twenty-five (25) pre-consolidation Shares. We look forward to engaging with the investment community and the many stakeholders aligned with our mission to enable safe, legal access to psychedelics and to advance research for psychedelic medicine.” Yaron Conforti, Chief Executive Officer and Director of Novamind, commented, “The completion of this transaction is an important milestone en route to Novamind’s expected public listing on January 5 th. The Company will carry on the business of Novamind Ventures, a leading mental health company specialized in psychedelic-assisted psychotherapy. (“ Novamind Ventures“) by way of a three-cornered amalgamation (the “ Transaction“). ![]() TORONTO, ON / ACCESSWIRE / Decem/ Novamind Inc. (formerly Hinterland Metals Inc.) (“ Novamind” or the “ Company“), is pleased to announce that it has completed its previously announced reverse takeover of Novamind Ventures Inc. Any failure to comply with this restriction may constitute a violation of U.S. Newswire Services or for dissemination in the United States. Public listing (CSE:NM) expected to occur on or about January 5, 2021
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