Victory Nickel Inc. As previously disclosed, on April 14, 2022, Victory Nickel filed a proposal to restructure its debt under Part III, Division I of the Bankruptcy and Insolvency Act . A meeting of the Company's creditors was convened on May 5, 2022 and adjourned the same day to address concerns raised by the Company's single largest unsecured [...]
Victory Nickel Inc. As previously disclosed, Victory Nickel filed a proposal to restructure its debt under Part III, Division I of the Bankruptcy and Insolvency Act on April 14, 2022. A meeting of the Company's creditors was convened today to vote on the Proposal. On motion by the creditors, the meeting was adjourned to provide the Company with the [...]
Victory Nickel Inc. provides the following update. Filing of December 31, 2021 Year End Financial Statements Deferred Victory Nickel announced on April 1, 2022 it had filed a notice of intention to make a proposal to address its unsecured debt obligations in a manner that will allow the Company to continue to operate, and ultimately, provide [...]
Victory Nickel Inc. provides the following update. Debt Restructuring Proposal Filed Victory Nickel announced on April 1, 2022 it had filed a notice of intention to make a proposal to address its unsecured debt obligations in a manner that will allow the Company to continue to operate, and ultimately, provide greater value to its stakeholders [...]
Victory Nickel Inc. announces that on April 1, 2022 , the Company filed a notice of intention to make a proposal to address its unsecured debt obligations in a manner that will allow the Company to continue to operate, and ultimately, provide greater value to its stakeholders. Grant Thornton Limited has been appointed proposal trustee to oversee [...]
Victory Nickel Inc. announces that its auditors Flabbi & Associates LLP, Chartered Professional Accountants has voluntarily resigned as auditor for the Company. The resignation was not as a result of any reportable event . MNP LLP, Chartered Professional Accountants has been appointed as the replacement auditor for the Company. Copies of the Notice [...]
Victory Nickel Inc. today announced that its subsidiary Victory Silica Ltd.'s initial application to have the previously-announced property under an exploration and option agreement with Short Grass Ranches Ltd has been not been approved. The municipal planning commission cited concerns with regard to the impact of traffic, noise and dust on the [...]
Victory Nickel Inc. is pleased to provide a corporate update. As announced on March 31, 2021, Victory Nickel engaged Grant Thornton as financial advisor to assess alternatives in the next phase of restructuring the Company's unsecured debt. A successful restructuring of the unsecured debt is the critical next step to moving the Company forward in a [...]
Victory Nickel Inc. today announced that Mr. Sean Stokes has resigned as Interim CEO, Acting CFO and Corporate Secretary effective April 30, 2021. Ms. Cynthia Thomas, Executive Chair, will assume these responsibilities on an interim basis. "Mr. Stokes was a founding executive of the Company and valued member of the Victory Nickel team over the past [...]
It is with great sadness that the Board of Directors of Victory Nickel Inc. announces that Rene Galipeau, a founding director and the Company's first CEO, has passed away. "On behalf of the Board of Directors and management, I wish to extend my deepest condolences to Rene's family and friends at this difficult time," said Cynthia Thomas, Executive [...]
Victory Nickel Inc. today announced that it has engaged Grant Thornton Limited as its financial advisor to assist the Company with restructuring options relating to the Company's unsecured debt . On February 10, 2021, the Company announced it has sold its Minago nickel property in northern Manitoba to Silver Elephant Mining Corp. on the terms [...]
Victory Nickel Inc. today announced that it has sold its Minago nickel property in northern Manitoba to Silver Elephant Mining Corp. on the terms announced in the news release of January 22, 2021. In a separate transaction, Silver Elephant acquired 100% of the Company's debt held by the Company's secured lender . The Secured Debt has been [...]
