PURE NICKEL INC. : http://www.purenickel.com/ : QwikReport

News Releases

#January 07, 2019
Pure Nickel Update on Annual Meeting of Shareholders

 TORONTO: January 7, 2019. Pure Nickel Inc. (TSXV: NIC) (the "Company") announces it has removed the order of business related to the proposed sale of its royalty interest in the Milford copper project from the Annual General and Special Meeting of the Shareholders scheduled for January 11, 2019 at 10:00 am ET. As previously announced in the Company's press release dated December 17, 2018, the meeting was postponed to provide shareholders with additional information regarding the royalty sale. Given time limitations and the Company's desire to complete its Annual General Meeting requirements within the regulatory time frame, it has removed the royalty sale from the matters to be acted upon.

About Pure Nickel Inc.

Pure Nickel is a mineral exploration company with a diverse collection of gold, nickel, copper and platinum group element exploration projects in North America.

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.

For further information:

Pure Nickel Inc.
David McPherson
T. (416) 644-0066
info@purenickel.com
www.purenickel.com
 
#December 17, 2018
Pure Nickel Postpones Annual Meeting of Shareholders

 

TORONTO: December 17, 2018.  Pure Nickel Inc. (TSXV: NIC) (the “Company”) announces it has postponed its Annual General and Special Meeting of the Shareholders originally scheduled for December 18, 2018 and has rescheduled the meeting to January 11, 2019 at 10:00 am ET.  The record date for voting at the meeting remains November 13, 2018.

The Company has postponed the meeting as it intends to provide shareholders with additional information regarding certain business to be conducted at the meeting to assist shareholders in making an informed voting decision. In particular, the Company intends to provide shareholders with additional information regarding the proposed sale of its royalty interest in the Milford copper project. Shareholder voting will continue to be open until 48 hours (excluding Saturdays, Sunday and holidays) prior to the time of the rescheduled meeting.

About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of gold, nickel, copper and platinum group element exploration projects in North America.

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.

For further information:

Pure Nickel Inc.
David McPherson

T. (416) 644-0066

www.purenickel.com  

 
#September 05, 2018
Pure Nickel Corporate Update

 TORONTO: September 5, 2018. Pure Nickel Inc. (TSXV: NIC) (the "Company") is announces the following corporate updates.

Sale of Royalty

The Company has reached agreement to sell its royalty interest in a copper mine located in Milford, Utah (the "Royalty") to David McPherson, the President and CEO of the Company. Under the terms of the agreement, the Company's wholly-owned Subsidiary, Nevada Star Resources Corp. (US), will sell all of its rights to the royalty to a company (the "Purchaser") wholly-owned by Mr. McPherson for consideration of CDN$660,759 (the "Purchase Price"). The Purchase Price which will be satisfied through the issuance by the Purchaser to Nevada Star of a secured promissory note (the "Note") in the principal amount of the Purchase Price. Mr. McPherson has provided a limited recourse guarantee to guarantee all of the obligations of the Purchaser under the Note. Recourse under the guarantee is limited to the entitlements of Mr. McPherson under the Transition Agreement dated May 26, 2017 between Mr. McPherson and the Company, which provides for the payment to Mr. McPherson of past-due management fees in the amount of CDN$778,000 and Mr. McPherson's transition from management of the Company. As security for his obligations under the guarantee, Mr. McPherson has agreed to assign all of his rights in the Transaction Agreement, including the payments due to Mr. McPherson thereunder, to Nevada Star. Currently the Royalty is carried on Pure Nickel's balance sheet at CDN $451,758.

The principal amount of the Note is payable by the Purchaser from time to time upon receipt by the Purchaser of payments under the Royalty. The Note provides that the any obligation to repay principal outstanding under the Note shall be automatically set off against any amounts owing to Mr. McPherson under the Transaction Agreement.

The sale of the Royalty is a related party transaction for the Company pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the sale is being made to a corporation wholly-owned by an officer and director of the Company. In accordance with MI 61-101, the sale of the Royalty must be approved by a majority of the minority shareholders of the Company. The Company will be relying on an exemption from the requirement under MI 61-101 to obtain a formal valuation in respect of the sale available to issuers that are not listed on the Toronto Stock Exchange or another senior exchange. In addition to shareholder approval, the sale of the Royalty will require the approval of the TSX Venture Exchange.

ASM /AGM

The Company is in the process of planning an annual and special meeting of the shareholders to be held on October 17, 2018. At the meeting the shareholders will be voting on the Company's name change, a share consolidation, the royalty sale, directors and other regulatory required matters.

About Pure Nickel Inc.

Pure Nickel is a mineral exploration company with a diverse collection of gold, nickel, copper and platinum group element exploration projects in North America.

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.

For further information:

Pure Nickel Inc.
David McPherson
T. (416) 644-0066
info@purenickel.com
www.purenickel.com
 
#March 09, 2018
Pure Nickel Appoints CFO

 TORONTO: March 9, 2018. Pure Nickel Inc. (TSXV: NIC) (the "Company") is pleased to announce the appointment of Sonia Agustina as CFO. Ms. Agustina has been working with Pure Nickel as an accounting consultant for the past twelve months and is well versed in the financial management of the Company. She is a Chartered Professional Accountant (CPA, CA) with 17 years of audit and public market experience with a Bachelor of Administrative Studies (Honours) from York University. The Company also announces that Thomas S. Kofman will assume the role of Chairman of the Audit Committee. Mr. Kofman has been a director of the Company since 2012. Coincident with this appointment Mr. Kofman will step down as interim CFO.

About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of nickel, copper and platinum group element exploration projects in North America.

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.

For further information:
Pure Nickel Inc.
David McPherson
T. (416) 644-0066

www.purenickel.com

 
#December 05, 2017
Pure Nickel Announces Board Member Departure

 TORONTO: December 5, 2017.  Pure Nickel Inc. (TSXV: NIC) (the "Company") announces that Harry Blum has resigned from the Company's Board of Directors effective immediately. Mr. Blum became a director of Pure Nickel in 2007 and played an active role on numerous Board Committees.

David McPherson, the Company's President and CEO commented, "We would like to thank Harry for his significant contribution to Pure Nickel over the past decade. His knowledge and insights have been greatly appreciated by both the Board and management team." 

About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of nickel, copper and platinum group element exploration projects in North America.

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.

For further information:

Pure Nickel Inc.
David McPherson
T. (416) 644-0066

www.purenickel.com

 

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