|It has been an ultra long haul of 2 years but Mr. Brett Matich has FINALLY succeeded in cobbling together some dopey paper swap or other as a qualifying transaction for Natan Resources Ltd - NRL.v. Take a bow Venture exchange for foisting another wicked worthless PoS run by securities K9s on the public.|
NRL.v is $ .035 bid and that pretty well sums it up. http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNRL-2060582&symbol=NRL®ion=C
Further to the news releases of Feb. 7, March 27 and April 11, 2013, Natan Resources Ltd. has completed its qualifying transaction described in the company's amended filing statement dated effective April 9, 2013, a copy of which is available under the company's SEDAR profile. Effective at the opening of market on April 19, 2013, the trading symbol for the company changed from NRL.P to NRL, and the common shares of the company resumed trading on the TSX Venture Exchange. Pursuant to the policies of the TSX-V, the company is no longer a capital pool company and is now classified as a Tier 2 mining issuer.
Description of the qualifying transaction
The company's qualifying transaction consisted of a share exchange agreement dated Jan. 22, 2013, between the company and Bethlehem Iron Ore Corp. for the acquisition of all of the issued and outstanding common shares of Bethlehem in exchange for common shares of Natan. For further details on the transaction, please see the company's news release dated Feb. 7, 2013. In connection with the qualifying transaction, Natan issued one million common shares at a deemed price of 11 cents per share to former shareholders of Bethlehem.