Flying Nickel and Nevada Vanadium Complete Merger
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) and Nevada Vanadium Mining Corp. have successfully completed their merger on August 16, 2024. The arrangement involved Flying Nickel acquiring 100% of Nevada Vanadium's shares, making it a wholly owned subsidiary. Nevada Vanadium shareholders received one Flying Nickel share for each NVMC share held, resulting in Flying Nickel issuing approximately 65,893,359 shares.
Post-merger, Flying Nickel's board of directors consists of four members: Greg Hall, Masa Igata, Neil Duboff, and John Lee. The senior management team includes John Lee as CEO, Ron Espell as President, Robert Van Drunen as COO, Andrew Yau as CFO, and Marion McGrath as Corporate Secretary. Nevada Vanadium's board now has a single director, Greg Hall.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) e Nevada Vanadium Mining Corp. hanno completato con successo la loro fusione il 16 agosto 2024. L'accordo prevedeva l'acquisizione del 100% delle azioni di Nevada Vanadium da parte di Flying Nickel, rendendola una sussidiaria interamente controllata. Gli azionisti di Nevada Vanadium hanno ricevuto una azione di Flying Nickel per ciascuna azione NVMC posseduta, risultando in un'emissione di circa 65.893.359 azioni da parte di Flying Nickel.
Dopo la fusione, il consiglio di amministrazione di Flying Nickel è composto da quattro membri: Greg Hall, Masa Igata, Neil Duboff e John Lee. Il team di alta direzione include John Lee come CEO, Ron Espell come Presidente, Robert Van Drunen come COO, Andrew Yau come CFO e Marion McGrath come Segretario Aziendale. Il consiglio di Nevada Vanadium ora ha un solo direttore, Greg Hall.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) y Nevada Vanadium Mining Corp. han completado exitosamente su fusión el 16 de agosto de 2024. El acuerdo implicó que Flying Nickel adquiriera el 100% de las acciones de Nevada Vanadium, convirtiéndola en una subsidiaria de propiedad total. Los accionistas de Nevada Vanadium recibieron una acción de Flying Nickel por cada acción de NVMC que poseían, resultando en la emisión de aproximadamente 65.893.359 acciones por parte de Flying Nickel.
Después de la fusión, la junta directiva de Flying Nickel está compuesta por cuatro miembros: Greg Hall, Masa Igata, Neil Duboff y John Lee. El equipo de alta dirección incluye a John Lee como CEO, Ron Espell como Presidente, Robert Van Drunen como COO, Andrew Yau como CFO y Marion McGrath como Secretario Corporativo. La junta de Nevada Vanadium ahora tiene un solo director, Greg Hall.
플라잉 니켈 마이닝 코프(Flying Nickel Mining Corp.) (TSXV: FLYN) (OTCQB: FLYNF)와 네바다 바나듐 마이닝 코프(Nevada Vanadium Mining Corp.)가 2024년 8월 16일에 성공적으로 합병을 완료했습니다. 이 거래는 플라잉 니켈이 네바다 바나듐의 주식을 100% 인수하여 완전 자회사로 만드는 것이 포함되었습니다. 네바다 바나듐 주주들은 소유한 NVMC 주식 1주당 플라잉 니켈 주식 1주를 받았습니다, 이로 인해 플라잉 니켈은 약 65,893,359주의 주식을 발행하게 되었습니다.
합병 이후 플라잉 니켈의 이사회는 네 명의 이사로 구성되어 있습니다: 그렉 홀(Greg Hall), 마사 이가타(Masa Igata), 닐 두보프(Neil Duboff), 존 리(John Lee). 고위 경영진 팀에는 존 리가 CEO로, 론 에스펠(Ron Espell)이 사장으로, 로버트 반 드루넨(Robert Van Drunen)이 COO로, 앤드류 야우(Andrew Yau)가 CFO로, 마리온 맥그라스(Marion McGrath)가 기업 비서로 포함됩니다. 네바다 바나듐의 이사회는 이제 그렉 홀(Greg Hall) 한 명의 이사만 있습니다.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) et Nevada Vanadium Mining Corp. ont réussi à finaliser leur fusion le 16 août 2024. L'accord comprenait l'acquisition par Flying Nickel de 100 % des actions de Nevada Vanadium, en faisant une filiale à part entière. Les actionnaires de Nevada Vanadium ont reçu une action de Flying Nickel pour chaque action NVMC détenue, ce qui a entraîné l'émission d'environ 65 893 359 actions par Flying Nickel.
Après la fusion, le conseil d'administration de Flying Nickel est composé de quatre membres : Greg Hall, Masa Igata, Neil Duboff et John Lee. L'équipe de direction senior comprend John Lee en tant que PDG, Ron Espell en tant que Président, Robert Van Drunen en tant que COO, Andrew Yau en tant que CFO et Marion McGrath en tant que Secrétaire d'entreprise. Le conseil de Nevada Vanadium a maintenant un seul directeur, Greg Hall.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) und Nevada Vanadium Mining Corp. haben am 16. August 2024 erfolgreich ihre Fusion abgeschlossen. Der Vertrag umfasste die Übernahme von 100 % der Aktien von Nevada Vanadium durch Flying Nickel, wodurch es zu einer hundertprozentigen Tochtergesellschaft wurde. Die Aktionäre von Nevada Vanadium erhielten eine Aktie von Flying Nickel für jede gehaltene NVMC-Aktie, was zur Emission von etwa 65.893.359 Aktien durch Flying Nickel führte.
Nach der Fusion besteht der Vorstand von Flying Nickel aus vier Mitgliedern: Greg Hall, Masa Igata, Neil Duboff und John Lee. Das Senior-Management-Team umfasst John Lee als CEO, Ron Espell als Präsident, Robert Van Drunen als COO, Andrew Yau als CFO und Marion McGrath als Unternehmenssekretär. Der Vorstand von Nevada Vanadium hat jetzt nur einen Direktor, Greg Hall.
- Successful completion of the merger between Flying Nickel and Nevada Vanadium
- Flying Nickel acquired 100% of Nevada Vanadium's shares
- Issuance of approximately 65,893,359 Flying Nickel shares for the acquisition
- Potential shareholder dilution due to the issuance of new Flying Nickel shares
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2024) - Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") and Nevada Vanadium Mining Corp. ("Nevada Vanadium") are pleased to announce the successful completion of the previously announced plan of arrangement (the "Arrangement" or the "Merger") effective August 16, 2024 whereby Flying Nickel has acquired
Pursuant to the Arrangement, Nevada Vanadium shareholders (the "NVMC Shareholders") received one common share of Flying Nickel (each whole share, a "Flying Nickel Share") for each NVMC Share held. In aggregate, Flying Nickel issued approximately 65,893,359 Flying Nickel Shares under the Arrangement.
Board of Directors and Management
Flying Nickel's board of directors post-Merger consists of four directors, including Greg Hall, Masa Igata, Neil Duboff, and John Lee.
The senior management team of Flying Nickel post-Merger includes John Lee as Chief Executive Officer, Ron Espell as President, Robert Van Drunen as Chief Operating Officer, Andrew Yau as Chief Financial Officer, and Marion McGrath as Corporate Secretary.
Nevada Vanadium's board of directors now consists of one director, being Greg Hall. No officers have been appointed for Nevada Vanadium.
Full details of the Merger and certain other matters are set out in the joint management information circular of Flying Nickel and Nevada Vanadium dated May 24, 2024 (the "Circular") and can be found under Nevada Vanadium or Flying Nickel's issuer profile on SEDAR+ at www.sedarplus.ca. A copy of the early warning report of Flying Nickel in connection with its acquisition of the NVMC Shares will be filed under Nevada Vanadium's issuer profile on SEDAR+ and can be obtained by contacting Flying Nickel as set out below.
About Flying Nickel
Flying Nickel is a nickel sulphide and vanadium exploration-stage mining company. The Company is advancing its
For more information visit www.flynickel.com.
For more information, please contact:
John Lee
Chief Executive Officer and Executive Chairman
Email: info@flynickel.com
Phone: 1.877.664.2535 / 1.877.6NICKEL
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Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
None of the securities to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issuable in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of 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". These forward-looking statements or information may relate to the anticipated results of the Arrangement and the Company and Nevada Vanadium's ongoing business plans, exploration and work programs.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management of the Company at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions regarding expectations and assumptions concerning the Arrangement, and that general business and economic conditions will not change in a material adverse manner. Although the Company and Nevada Vanadium have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 statements. Accordingly, readers should not place undue reliance on forward-looking information.
Such statements represent the current views of the Company and Nevada Vanadium with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: the inability of the Company and Nevada Vanadium to realize the benefits anticipated from the Arrangement and the timing to realize such benefits; unanticipated changes in market price for the Flying Nickel Shares; changes to the Company's and/or Nevada Vanadium's current and future business plans and the strategic alternatives available thereto; treatment of the Arrangement under applicable laws; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for minerals produced by the Company and Nevada Vanadium; and general economic and political conditions in Canada and other jurisdictions where the applicable party conducts business. Other factors which could materially affect such forward-looking information are described in the risk factors in the Circular, the Company's management's discussion and analyses and other filings with the Canadian securities regulators which are available under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company and Nevada Vanadium do not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220291
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