GUELPH, Ontario —Noble Iron announced today that the name of the company has been officially changed from Texada Software to Noble Iron Inc. Effective today the company’s common shares are trading on the TSX Venture Exchange under the name Noble Iron Inc. and the symbol NIR.
“We are pleased to have executed the name change to Noble Iron Inc., which we plan to build into a leading company in the equipment industry,” said Willie Swisher, Noble Iron CEO. “Noble Iron’s equipment rental business and dealership will operate as ‘Noble Iron,’ and our software division will continue operating under the brand name ‘Texada Software.’ ”
Noble Iron also completed the consolidation of its outstanding common shares on the basis of one new common share for every five old common shares. Before the consolidation, the company had 85,908,104 common shares issued and outstanding; post-consolidation, the company has about 17,181,636 common shares issued and outstanding.
“Our change of name to Noble Iron Inc. represents a progression in our strategy to expand our business from that of a pure enterprise software company to an advanced platform operating directly in the equipment rental and dealership sector,” said Nobil Kassam, executive chairman of Noble Iron. “Our share consolidation will better position Noble Iron’s engagement with global capital markets as we continue executing our strategy.”