Nickel One Resources Inc. Closes Transaction and Acquires 100% Interest in LK Project, Finland
THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Nickel One Resources Inc. (the “Company”) (TSXV:NNN) announces it has closed the transaction and completed the acquisition pursuant to the Definitive Agreement signed with Finore Mining (“Finore”) for the purchase of 100% interest in the Lantinen Koillismaa Platinum Group Element-Copper-Nickel (PGE-Cu-Ni) project (“LK Project”) located in North-central Finland (see press release dated February 1, 2017).
In connection with the closing, the Company:
- issued 5,000,000 common shares and 2,500,000 common share purchase warrants exercisable at $0.12 for 24 months from the date of closing;
- will also issue, upon TSXV approval, 250,000 finder’s fee shares in connection with the acquisition.
All securities issued are subject to a four month hold period from the date of issue.
Vance Loeber, President and CEO stated, “We are extremely pleased to close this significant acquisition furthering our focus on the battery metals.”
ON BEHALF OF THE BOARD:
President, CEO & Director
“Vance Loeber”
For further information contact:
Vance Loeber
Phone: 1-778-327-5799 ext.315
Fax: 778-327-6675
Email: info@nickeloneinc.com
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Nickel One Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in gold and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
