Canada Nickel Closes Previously Announced Definitive Agreement for Creation of 'ExploreCo' with Spin-out of Eastern Exploration Properties
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) has completed the previously announced definitive agreement with Noble Mineral Exploration to create East Timmins Nickel (formerly 'ExploreCo'). The agreement consolidates their joint venture in Mann Township and other exploration projects East of Timmins.
East Timmins is now a private company with an 80% ownership by Canada Nickel and 20% by Noble. As part of the transaction, Canada Nickel issued 162,000 common shares to Noble to consolidate ownership of properties previously held by a third party. The transaction's closing remains subject to final TSX Venture Exchange approval.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) ha completato l'accordo definitivo precedentemente annunciato con Noble Mineral Exploration per creare East Timmins Nickel (ex 'ExploreCo'). L'accordo consolida la loro joint venture nel Township di Mann e altri progetti di esplorazione a est di Timmins.
East Timmins è ora una società privata con un 80% di proprietà da parte di Canada Nickel e 20% da parte di Noble. Come parte della transazione, Canada Nickel ha emesso 162.000 azioni ordinarie a Noble per consolidare la proprietà di beni precedentemente detenuti da una terza parte. La chiusura della transazione resta soggetta all'approvazione finale della TSX Venture Exchange.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) ha completado el acuerdo definitivo previamente anunciado con Noble Mineral Exploration para crear East Timmins Nickel (anteriormente 'ExploreCo'). El acuerdo consolida su empresa conjunta en el Township de Mann y otros proyectos de exploración al este de Timmins.
East Timmins es ahora una empresa privada con un 80% de propiedad por parte de Canada Nickel y 20% por parte de Noble. Como parte de la transacción, Canada Nickel emitió 162,000 acciones ordinarias a Noble para consolidar la propiedad de propiedades previamente mantenidas por un tercero. El cierre de la transacción está sujeto a la aprobación final de la TSX Venture Exchange.
캐나다 니켈 컴퍼니 (TSXV: CNC) (OTCQB: CNIKF)는 노블 미네랄 탐사와의 이전에 발표된 최종 계약을 완료하여 동부 팀민스 니켈 (이전의 'ExploreCo')를 만들었습니다. 이 계약은 매너 타운십 및 팀민스 동쪽의 기타 탐사 프로젝트에서 그들의 합작 투자를 통합합니다.
동부 팀민스는 현재 캐나다 니켈이 80%를 소유하고 노블이 20%를 소유하는 사기업입니다. 거래의 일환으로 캐나다 니켈은 노블에게 162,000주를 발행하여 이전에 제3자가 소유했던 자산의 소유권을 통합했습니다. 거래 완료는 최종 TSX 벤처 거래소의 승인을 받아야 합니다.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) a finalisé l'accord définitif précédemment annoncé avec Noble Mineral Exploration pour créer East Timmins Nickel (anciennement 'ExploreCo'). L'accord consolide leur coentreprise dans le Township de Mann et d'autres projets d'exploration à l'est de Timmins.
East Timmins est désormais une entreprise privée avec 80% de propriété par Canada Nickel et 20% par Noble. Dans le cadre de la transaction, Canada Nickel a émis 162 000 actions ordinaires à Noble pour consolider la propriété de biens précédemment détenus par un tiers. La clôture de la transaction est soumise à l'approbation finale de la TSX Venture Exchange.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) hat die zuvor angekündigte endgültige Vereinbarung mit Noble Mineral Exploration zur Gründung von East Timmins Nickel (ehemals 'ExploreCo') abgeschlossen. Die Vereinbarung konsolidiert ihr Joint Venture im Mann Township und andere Explorationsprojekte östlich von Timmins.
East Timmins ist jetzt ein privates Unternehmen mit 80% Eigentum von Canada Nickel und 20% von Noble. Im Rahmen der Transaktion hat Canada Nickel 162.000 Stammaktien an Noble ausgegeben, um das Eigentum an zuvor von einer dritten Partei gehaltenen Grundstücken zu konsolidieren. Der Abschluss der Transaktion steht unter dem Vorbehalt der endgültigen Genehmigung der TSX Venture Exchange.
- Successful consolidation of joint venture properties under single entity
- Canada Nickel maintains majority control (80%) of East Timmins Nickel
- Share dilution through issuance of 162,000 common shares
About Canada Nickel
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its
For further information, please contact:
Mark Selby, CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information in this news release includes, but is not limited to: the timing and ability of the Company to complete the transactions described herein; the future development of the Crawford project and future projects; the timing and ability of the Company to receive all necessary regulatory and third party approvals, including the approval of the TSXV; the ability to satisfy all conditions to the transactions; and statements regarding exploration results, exploration plans and other corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: the inability to receive all necessary regulatory and third party approvals for the transactions, future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the Company's properties, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Canada Nickel Company Inc.
FAQ
What is the ownership structure of East Timmins Nickel after Canada Nickel's February 2025 agreement?
How many shares did Canada Nickel (CNIKF) issue to Noble for the East Timmins consolidation?
What properties are included in the East Timmins Nickel consolidation?
What regulatory approval is still pending for the Canada Nickel (CNIKF) East Timmins transaction?
