![]() Following the Hinterland consolidation and pursuant to the amalgamation, the holders of Novamind shares immediately prior to the completion of the amalgamation will each receive for every four Novamind Shares held immediately prior to the completion of the amalgamation, one Hinterland Consolidated Share (∾xchange Ratio). Under the Hinterland Consolidation, the Hinterland Shares will be consolidated on a basis that results in the holders of the Hinterland Shares holding post-Hinterland Consolidation Hinterland Shares having a value of CAD 1.3 million calculated based on the CAD 0.10 per share, provided that Hinterland has net cash and marketable securities of minimum CAD 0.3 million at closing (less costs incurred in connection with the proposed transaction). As part of the terms, Hinterland will effect a consolidation of the issued and outstanding Hinterland Shares. in a reverse merger transaction on November 12, 2020. entered into a definitive agreement to acquire Hinterland Metals Inc. in a reverse merger transaction on July 3, 2020. signed a binding letter of intent to acquire Hinterland Metals Inc.
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