Marvel's SPINCO Power-One Resources, NI-PGE-REE's-Uranium Project, Moves Forward Finalizes Financing and Listing Process

Marvel’s SPINCO Power-One Resources, NI-PGE-REE’s-Uranium Project, Moves Forward Finalizes Financing and Listing Process

VANCOUVER, BC / ACCESSWIRE / January 17, 2022 / Marvel Discovery Corp. (TSXV:MARV) (Frankfurt:O4T1), (OTCQB:MARVF); (the " Company ") Further to the Company’s news releases March 17, 2021 and April 23, 2021 the Company received final approval on the plan of arrangement under the Business Corporations Act (British Columbia) involving Power-One Resources Corp. ("Power-One"). The Company received the required shareholder approval in connection with the arrangement at its special meeting of shareholders held April 23, 2021. As part of the transaction, Marvel shareholders received 16,000,000 common shares with Marvel receiving 5,000,000 common shares for transferring the Serpent River Pecors Project (Elliott Lake, Ontario), and the Wicheeda Project (Prince George, BC) to Power-One.

Marvel currently holds an equity stake in Power-One of approximately 26%.

Power-One (SPINCO) has arranged a non-brokered private placement to raise gross proceeds of up to $800,000 by issuing flow-through and non-flow-through units. Power-One will close its private placement […]

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