Welcome to our dedicated page for Clover Leaf Capital news (Ticker: CLOEU), a resource for investors and traders seeking the latest updates and insights on Clover Leaf Capital stock.
Clover Leaf Capital Corp. (CLOEU) is a special purpose acquisition company progressing toward its Qualifying Transaction with North Shore Energy Metals Ltd., focused on uranium exploration in Saskatchewan's Athabasca Basin. This page aggregates official news about corporate developments, including updates on the Transaction's approval process and exploration activities across North Shore Energy's Falcon and West Bear properties.
Investors and analysts will find verified updates on TSX Venture Exchange requirements, shareholder approvals, and operational milestones. All content is sourced from regulatory filings and company communications to ensure reliability. Key coverage areas include transaction progress reports, mineral resource updates, and corporate governance announcements.
Bookmark this page to monitor critical developments in CLOEU's business combination process and North Shore Energy's uranium exploration initiatives. For complete details, consult the Amended and Restated Filing Statement available through SEDAR+.
Clover Leaf Capital Corp. has extended the deadline for its qualifying transaction with North Shore Energy Metals from April 30, 2023, to June 30, 2023. The Company will also provide a secured credit facility up to $250,000 to assist North Shore Energy with property acquisition payments and working capital needs. The credit facility will bear interest at 7% per annum and is repayable if the transaction does not close by the new deadline. Completion of the transaction remains subject to regulatory approval and shareholder consent, and there is no guarantee it will proceed as planned.
Clover Leaf Capital Corp. has mailed a definitive proxy statement to its shareholders regarding a special meeting scheduled for October 19, 2022. The meeting aims to approve an extension for the completion of an initial business combination until July 22, 2023. If approved, Yntegra Capital Investments will provide a loan of $1,383,123 to support the extension. The redemption amount per share will vary based on the percentage of public shares remaining after redemptions, with estimates indicating a potential increase from the current redemption amount of $10.25 per share.
Clover Leaf Capital Corp. (Nasdaq: CLOE, CLOEU, CLOER) announced that September 23, 2022, is the record date for its upcoming special meeting of stockholders. The meeting will seek approval to amend the company's charter, extending the deadline for completing a business combination from October 22, 2022, to July 22, 2023. Stockholders as of the record date can vote on this proposal. A definitive proxy statement regarding this meeting will be mailed once finalized.
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