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Perimeter Medical Imaging reverse merger of New World Resource including C$10 million in private placement financing

Fasken
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New World Resource

Medical imaging and AI company Perimeter Medical Imaging AI, Inc. (“Perimeter” or the “Company”) announced that the previously announced reverse take-over of New World Resource Corp. (“New World“) by Perimeter Medical Imaging, Inc. (“Pre-Closing Perimeter”) via plan of arrangement (the “Plan of Arrangement“) has been completed. As a result, Perimeter will be listed as a Tier 2 issuer on the TSX-V.

Immediately following closing of the Plan of Arrangement, Perimeter, the resulting issuer following the Plan of Arrangement, closed its previously announced non-brokered private placement financing (the “Offering”) of units (“Units”) on an oversubscribed basis for gross proceeds of C$9,995,410.

Fasken represented New World Resource Corp. with a team led by Steve Saville and Shanlee von Vegesack (M&A).

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