Show printable version of 'Pure Nickel Responds To TSX Bulletin' in a New Window

News Releases

May 7, 2013
Pure Nickel Responds To TSX Bulletin

TORONTO, CANADA, May 7, 2013 -- Pure Nickel Inc. (TSX: NIC) provides additional information on today's TSX bulletin initiating a review of Pure Nickel with respect to continued listing criteria. Currently Pure Nickel meets all criteria save for the market capitalization requirement. Pure Nickel has been granted 120 days to comply with all requirements for continued listing and the Company anticipates that it can demonstrate that it can meet the TSX criteria.

Pure Nickel continues to be in a strong financial and operational position. The company currently has $1.6 million in cash and working capital of $2.6 million. Drilling is scheduled to commence at the MAN Alaska property in June. The program's budget of US$3.5 million is fully funded by Pure Nickel's partner, ITOCHU Corporation of Japan.

About Pure Nickel Inc.

Pure Nickel is a TSX listed mineral exploration company in the business of acquiring, exploring and developing mineral properties in Canada and the United States, primarily those containing nickel, platinum group elements (PGEs), copper, gold, silver and associated base and precious metals. Our intention is to explore undeveloped properties with the expectation of developing them to a level where an ore body is indicated or likely. The Company is currently active on its two Alaskan properties, MAN and Salt Chuck.

For further information:

CHF Investor Relations
Cathy Hume
T. (416) 868-1079 x 231
The Howard Group
Investor Relations

Jeff Walker
T. (888) 221-0915
Pure Nickel Inc.
David McPherson
President and CEO
T. (416) 644-0066

View News Release in PDF Format:

You can view the Next News Releases item: Thu May 23, 2013, Pure Nickel Commences Exploration at the MAN Alaska property You can view the Previous News Releases item: Tue Apr 23, 2013, Pure Nickel Announces Election of Directors and Stock Option Grants You can return to the main News Releases page, or press the Back button on your browser.