Canada Nickel Provides Corporate Update
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) has announced an extension to the closing date of its $20 million Convertible Note agreement with Taykwa Tagamou Nation (TTN). The transaction, initially announced on December 16, 2024, is pending approval from the TSX Venture Exchange and other required third-party consents.
TTN's Chief Bruce Archibald reaffirmed their commitment to completing the investment partnership with Canada Nickel, emphasizing the collaboration's importance for future generations while maintaining environmental stewardship and community well-being.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) ha annunciato un'estensione della data di chiusura del suo accordo per Note Convertibile da 20 milioni di dollari con la Taykwa Tagamou Nation (TTN). La transazione, inizialmente annunciata il 16 dicembre 2024, è in attesa di approvazione da parte del TSX Venture Exchange e di altri consensi di terzi necessari.
Il Capo di TTN, Bruce Archibald, ha ribadito il loro impegno a completare la partnership d'investimento con Canada Nickel, sottolineando l'importanza della collaborazione per le generazioni future, mantenendo al contempo la gestione ambientale e il benessere della comunità.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) ha anunciado una extensión de la fecha de cierre de su acuerdo de Nota Convertible de 20 millones de dólares con la Nación Taykwa Tagamou (TTN). La transacción, anunciada inicialmente el 16 de diciembre de 2024, está pendiente de aprobación por parte del TSX Venture Exchange y otros consentimientos necesarios de terceros.
El Jefe de TTN, Bruce Archibald, reafirmó su compromiso de completar la asociación de inversión con Canada Nickel, enfatizando la importancia de la colaboración para las generaciones futuras, al tiempo que se mantiene la gestión ambiental y el bienestar de la comunidad.
캐나다 니켈(Canada Nickel) (TSXV: CNC) (OTCQB: CNIKF)이 타이콰 타가무 네이션(Taykwa Tagamou Nation, TTN)과의 2천만 달러 전환 노트 계약 종료일 연장을 발표했습니다. 이 거래는 2024년 12월 16일에 처음 발표되었으며, TSX 벤처 거래소와 기타 필요한 제3자 동의의 승인을 기다리고 있습니다.
TTN의 수장인 브루스 아치볼드(Bruce Archibald)는 캐나다 니켈과의 투자 파트너십을 완료하겠다는 의지를 재확인하며, 환경 관리와 지역 사회의 복지를 유지하면서 미래 세대를 위한 협력의 중요성을 강조했습니다.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) a annoncé une prolongation de la date de clôture de son accord de Note Convertible de 20 millions de dollars avec la Nation Taykwa Tagamou (TTN). La transaction, initialement annoncée le 16 décembre 2024, est en attente d'approbation de la TSX Venture Exchange et d'autres consentements de tiers requis.
Le Chef de TTN, Bruce Archibald, a réaffirmé leur engagement à finaliser le partenariat d'investissement avec Canada Nickel, soulignant l'importance de cette collaboration pour les générations futures tout en maintenant la gestion environnementale et le bien-être de la communauté.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) hat eine Verlängerung des Abschlussdatums seiner 20 Millionen Dollar Wandelanleihe Vereinbarung mit der Taykwa Tagamou Nation (TTN) bekannt gegeben. Die Transaktion, die ursprünglich am 16. Dezember 2024 angekündigt wurde, steht noch unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange und anderer erforderlicher Drittparteizustimmungen.
Der Chef von TTN, Bruce Archibald, bekräftigte ihr Engagement, die Investitionspartnerschaft mit Canada Nickel abzuschließen, und betonte die Bedeutung der Zusammenarbeit für zukünftige Generationen, während gleichzeitig die Umweltverantwortung und das Wohlergehen der Gemeinschaft gewahrt bleiben.
- Secured $20 million financing through Convertible Note agreement
- Maintained strategic partnership with indigenous community (TTN)
- Delay in closing of financing transaction
- Transaction still subject to regulatory and third-party approvals
"We remain committed to completing our investment partnership with Canada Nickel," said Chief Bruce Archibald of TTN. "TTN continues to believe that this important collaboration paves the way for future generations to thrive while maintaining our commitment to environmental stewardship and community well-being. We look forward to working with all parties for this investment to close quickly."
About Canada Nickel Company
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 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. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, corporate and technical objectives, and the completion of assays, follow-up geophysics and further drilling. Forward-looking information is necessarily based upon several 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: 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 property, 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, 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 because 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 value of the Convertible Note agreement between Canada Nickel (CNIKF) and TTN?
When was the Convertible Note agreement between Canada Nickel (CNIKF) and TTN originally announced?
What approvals are still needed for the Canada Nickel (CNIKF) and TTN Convertible Note agreement?
What is the purpose of the partnership between Canada Nickel (CNIKF) and TTN?
