TORONTO: March 25, 2019. Pure Nickel Inc. (TSXV: NIC) (the "Company") announces it has signed an agreement with CanAlaska Uranium Ltd. ("CanAlaska") for the sale of the Company's Manibridge Property, Manitoba.
Pursuant to the terms of the agreement CanAlaska will issue the Company 300,000 shares and 100,000 2 year warrants exercisable at $0.28/share, and pay $25,000 to obtain 100% ownership of the Manibridge Property. The completion of the sale is subject to TSX Venture acceptance.
Mr. Russell, Pure Nickel's President and CEO stated, "We believe consolidating the Manibridge Mine claims with CanAlaska's adjacent claims creates an exploration property with great potential. We look forward to benefitting from the future strength of CanAlaska's shares and warrants as they continue to develop their uranium assets and build upon recent high-grade intercepts on the Manibridge North claims."
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a focus on exploration projects in North America.
For further information:Pure Nickel Inc.
Forward Looking Statements
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Pure Nickel are forward-looking statements that involve various risks. The following are important factors that could cause Pure Nickel's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Pure Nickel undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither the 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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