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Nanoveu Ltd T.NVU.UN


Primary Symbol: NNVUF

Nanoveu Limited is an Australia-based technology company that deploys nanotechnology. The Company specializes in protective films and coatings. Its products include Nanoshield, Nanoshield Marine, Nanoshield Solar, EyeFly3D, Customskins and EyeFyx. Nanoshield is a film that uses a patented polymer of cuprous embedded film to self-disinfect surfaces. Its Nanoshield antiviral protection product is available in a variety of shapes and forms, from mobile screen covers to mobile phone cases and as a poly vinyl chloride commercial film. Nanoshield Marine prevents the accumulation and growth of aquatic organisms such as algae, barnacles and mussels on the hulls of ships, boats and other structures that are submerged in water. Nanoshield Solar solves an issue for solar panels, being reduction of power output from panel surface debris. EyeFly3D is a film applied to digital displays that allows users to experience three-dimensional without the need for glasses on everyday mobile handheld devices.


OTCPK:NNVUF - Post by User

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Post by TimeBuilderon Jun 16, 2020 8:48am
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Post# 31154805

News Release UPDATE = COPY

News Release UPDATE = COPY

Northview Apartment REIT Announces Unitholder Election Results for Transaction Consideration

GlobeNewswire - Mon Jun 15, 4:00PM CDT
 

Northview Apartment Real Estate Investment Trust ("Northview") (TSX:NVU-UN.TO) announced today that holders ("Unitholders") of its Trust Units and Special Voting Units ("Units") have elected to receive an aggregate of 5,358,351 Class C Units of the Northview Canadian High Yield Residential Fund ("High Yield Fund Units") as consideration under the proposed plan of arrangement pursuant to which Northview will be acquired by affiliates of Starlight Group Property Holdings Inc. ("Starlight") and KingSett Capital Inc. ("KingSett", and collectively, the "Purchasers") for consideration of $36.25 per Northview Trust Unit (the "Transaction"). This represents a total aggregate value of $66.979 million of the consideration in the Transaction being elected to be received in High Yield Fund Units, including the election of Starlight to receive 2,402,430 High Yield Fund Units.

All Unitholders who elected on or prior to the June 5, 2020 deadline to receive greater than 0.5655 High Yield Fund Units on a tax-deferred basis will receive the full number of elected High Yield Fund Units without proration.

Unitholders who did not file an election on or prior to the June 5, 2020 deadline are deemed to have elected to receive all cash consideration for their Units.

Management continues to work closely with its advisors and the Purchasers to complete the Transaction. The Transaction is expected to close in the third quarter of 2020. The primary factor which will influence the timing of the closing of the Transaction is the Purchasers obtaining consents from CMHC and certain of Northview's lenders. For additional details regarding the Transaction, see Northview's management information circular for the Transaction, available under Northview's profile on SEDAR at www.sedar.com.


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