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Canada Nickel Completes Previously Announced Property Acquisitions
Canada Nickel Completes Previously Announced Property Acquisitions Canada NewsW...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Completes Previously Announced Property Acquisitions\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 16, 2021\n \n /CNW/ -\n \n Canada Nickel Company Inc.\n \n (\"\n \n Canada Nickel\n \n \" or the \"\n \n Company\n \n \") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that it has signed a purchase and sale agreement for the previously announced transaction to acquire certain Properties (as defined herein) from Noble Mineral Exploration Inc. (\"\n \n Noble\n \n \").  Pursuant to the agreement, Canada Nickel will acquire approximately 1,231 patented properties and single cell mining claims (the \"\n \n Properties\n \n \") in Crawford, Lucas,\n \n Nesbitt\n \n , Aubin, Mahaffy, Kingsmill, Mabee,\n \n MacDiarmid\n \n , Dargavel and Bradburn Townships.  This transaction was previously announced by Canada Nickel in a news release on\n \n April 22\n \n , 2021.  The Properties are all within Noble's Project 81 land package.\n \n \n \n \n \n \n \n \n \n The transaction has received conditional approval from the TSX Venture Exchange (the \"\n \n TSXV\n \n \"), with completion being subject to final approval of the TSXV.\n \n \n As previously announced, the transaction is designed to consolidate all of the key nickel targets within Noble's Project 81 land package such that they will be held by Canada Nickel, allowing Canada Nickel to both expand and consolidate the Crawford Project's overall footprint and allowing Noble to focus its exploration activities on gold/VMS targets in other areas of Project 81, as well as on other properties held by Noble.\n \n \n The principal terms of the transaction are as follows:\n \n \n \n Noble will transfer ownership and title to the Properties to Canada Nickel.\n \n \n The Properties are organized in seven areas (the \"\n \n Property Areas\n \n \"). Noble will hold a 2% net smelter return royalty on approximately 720 claims in Mahaffy,\n \n MacDiarmid\n \n and Bradburn Townships. Those claims are located in three of the Pro...