Power Nickel and Chilean Metals Announce Completion of Spin-Out
Power Nickel (PNPN) and Chilean Metals have completed their strategic business reorganization through a spin-out of the Golden Ivan Property and certain Chilean assets. The arrangement, effective February 3, 2025, provides Power Nickel shareholders of record as of January 31, 2025, with one new Power Nickel share and 0.05 Chilean Metals shares for each share held.
The shareholders now own approximately 50% of Chilean Metals shares, with Power Nickel holding the remaining balance. The reorganization aims to create two specialized companies: Power Nickel focusing on the Nisk project, and Chilean Metals developing the Golden Ivan property in British Columbia and various Chilean projects. Power Nickel shares continue trading on TSXV, OTC, and Frankfurt exchanges, while Chilean Metals will operate as an unlisted reporting issuer in British Columbia and Alberta.
Power Nickel (PNPN) e Chilean Metals hanno completato la loro riorganizzazione strategica attraverso uno spin-off della Golden Ivan Property e di alcuni beni cileni. L'accordo, efficace dal 3 febbraio 2025, offre agli azionisti di Power Nickel registrati al 31 gennaio 2025, una nuova azione di Power Nickel e 0,05 azioni di Chilean Metals per ogni azione detenuta.
Gli azionisti ora possiedono circa il 50% delle azioni di Chilean Metals, con Power Nickel che detiene il restante. La riorganizzazione mira a creare due aziende specializzate: Power Nickel concentrata sul progetto Nisk e Chilean Metals che sviluppa la proprietà Golden Ivan in British Columbia e vari progetti cileni. Le azioni di Power Nickel continueranno a essere scambiate sui mercati TSXV, OTC e Frankfurt, mentre Chilean Metals opererà come emittente in elenco non quotato in British Columbia e Alberta.
Power Nickel (PNPN) y Chilean Metals han completado su reorganización empresarial estratégica mediante una escisión de la propiedad Golden Ivan y ciertos activos chilenos. El acuerdo, con vigencia a partir del 3 de febrero de 2025, proporciona a los accionistas de Power Nickel registrados hasta el 31 de enero de 2025, una nueva acción de Power Nickel y 0.05 acciones de Chilean Metals por cada acción que posean.
Los accionistas ahora poseen aproximadamente el 50% de las acciones de Chilean Metals, con Power Nickel manteniendo el resto. La reorganización tiene como objetivo crear dos empresas especializadas: Power Nickel centrada en el proyecto Nisk y Chilean Metals desarrollando la propiedad Golden Ivan en Columbia Británica y varios proyectos chilenos. Las acciones de Power Nickel seguirán cotizando en las bolsas TSXV, OTC y Frankfurt, mientras que Chilean Metals operará como un emisor en reporte no listado en Columbia Británica y Alberta.
파워 니켈 (PNPN)과 칠레 금속이 골든 아이반 자산 및 일부 칠레 자산의 분사(spin-out)를 통해 전략적 사업 재편성을 완료했습니다. 이 arrangement은 2025년 2월 3일부터 효력이 발생되며, 2025년 1월 31일 기준의 파워 니켈 주주에게 보유 중인 주식 1주당 새 파워 니켈 주식 1주와 칠레 금속 주식 0.05주를 제공합니다.
주주들은 이제 약 50%의 칠레 금속 주식을 소유하게 되었으며, 파워 니켈이 나머지를 보유하고 있습니다. 이번 재편성의 목표는 두 개의 전문 회사를 만드는 것입니다: 파워 니켈은 Nisk 프로젝트에 집중하고, 칠레 금속은 브리티시컬럼비아의 골든 아이반 자산과 여러 칠레 프로젝트를 개발합니다. 파워 니켈 주식은 TSXV, OTC 및 프랑크푸르트 증권 거래소에서 계속 거래되며, 칠레 금속은 브리티시컬럼비아와 앨버타에서 상장되지 않은 보고 발행자로 운영됩니다.
Power Nickel (PNPN) et Chilean Metals ont achevé leur réorganisation stratégique par le biais d'une scission de la propriété Golden Ivan et de certains actifs chiliens. L'accord, effectif à partir du 3 février 2025, offre aux actionnaires de Power Nickel enregistrés au 31 janvier 2025 une nouvelle action Power Nickel et 0,05 action Chilean Metals pour chaque action détenue.
Les actionnaires possèdent désormais environ 50% des actions de Chilean Metals, Power Nickel détenant le reste. La réorganisation vise à créer deux entreprises spécialisées : Power Nickel se concentrant sur le projet Nisk et Chilean Metals développant la propriété Golden Ivan en Colombie-Britannique ainsi que divers projets chiliens. Les actions de Power Nickel continueront à être échangées sur les marchés TSXV, OTC et Frankfurt, tandis que Chilean Metals opérera en tant qu'émetteur déclarant non coté en Colombie-Britannique et en Alberta.
Power Nickel (PNPN) und Chilean Metals haben ihre strategische Unternehmensreorganisation durch eine Ausgliederung des Golden Ivan-Eigentums und bestimmter chilenischer Vermögenswerte abgeschlossen. Die Regelung, die am 3. Februar 2025 wirksam wird, bietet den Aktionären von Power Nickel, die am 31. Januar 2025 registriert sind, eine neue Aktie von Power Nickel und 0,05 Aktien von Chilean Metals für jede gehaltene Aktie.
Die Aktionäre besitzen nun etwa 50% der Aktien von Chilean Metals, während Power Nickel den verbleibenden Teil hält. Die Reorganisation zielt darauf ab, zwei spezialisierte Unternehmen zu schaffen: Power Nickel konzentriert sich auf das Nisk-Projekt, während Chilean Metals das Golden Ivan-Eigentum in British Columbia und verschiedene chilenische Projekte entwickelt. Die Aktien von Power Nickel werden weiterhin an den Börsen TSXV, OTC und Frankfurt gehandelt, während Chilean Metals als nicht börsennotierter Berichtserstatter in British Columbia und Alberta tätig sein wird.
- Strategic separation creates focused entities for different asset portfolios
- Shareholders receive additional value through Chilean Metals shares
- Power Nickel maintains 50% ownership in Chilean Metals
- Chilean Metals shares will not be listed on any stock exchange
- Dilution of management focus across two separate entities
Terry Lynch, Chief Executive Officer of Power Nickel and a Director of Chilean Metals, commented:
"Wow that was easy! All kidding aside it's terrific to have this accomplished. It will allow Chilean Metals to be able to grow at its own pace and on its own merit. We recently reviewed the exploration programs and we are very excited to have them advance their drill plans in mid H1. Will have a more fulsome update for the market around PDAC. We are excited about the future at Chilean even while we remain focused on advancing our exploration at Nisk."
The Spin-Out was completed by way of a statutory plan of arrangement (the "Arrangement") pursuant to the Business Corporation Act (
As previously announced, the Spin-Out was completed as part of a strategic reorganization to unlock value for Power Nickel shareholders, providing them with an ownership stake in two separate specialized companies. Power Nickel will continue to focus on the advancement of the Nisk project, while Chilean Metals will focus on advancing the Golden Ivan property and the Chilean assets. The Golden Ivan property is located in
The New Power Nickel Shares continue to trade on the TSX Venture Exchange ("TSXV") in
Further information regarding the Spin-Out and Chilean Metals is set out in Company's information circular dated October 21, 2024, which is filed under Power Nickel's SEDAR+ profile at www.sedarplus.ca.
Endeavor Trust Corporation is the depositary in connection with the Spin-Out. On January 31, 2025, Endeavor Trust Corporation sent out letters of transmittal to registered holders of certificated shares, as described in the Company's January 16, 2025 news release.
About Power Nickel Inc.
Power Nickel is a Canadian exploration company focusing on developing the High-Grade Nickel Copper PGM, Gold and Silver Nisk project into potentially
On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to
The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the high-grade nickel-copper PGM, Gold and Silver mineralization with a series of drill programs designed to test the initial Nisk discovery zone, the Lion discovery zone and to explore the land package for adjacent potential poly metallic deposits.
About Chilean Metals Inc.
On February 3, 2025 Chilean Metals completed a plan of arrangement with Power Nickel Inc., pursuant to which it acquired a
Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. All statements, other than statements of historical fact, included herein, without limitation, the benefits of the proposed Spin-Out, the advancement by Chilean Metals of the Golden Ivan property in
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SOURCE Power Nickel Inc.
FAQ
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What assets were transferred to Chilean Metals in the PNPNF spin-out?
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