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Pure Nickel Responds to TSX Bulletin
Toronto, Ontario--(Newsfile Corp. - September 9, 2013) - Pure Nickel Inc. (TSX: NIC) (the "Compa...
About this update from Galleon Gold Corp
[{"type":"text","content":"\nPure Nickel Responds to TSX BulletinToronto, Ontario--(Newsfile Corp. - September 9, 2013) - Pure Nickel Inc. (TSX: NIC) (the \n\"Company\") provides additional information on today's TSX bulletin. On May 7, \n2013 the TSX issued a bulletin indicating it was reviewing the common shares of \nthe Company with respect to meeting the continued listing requirement based on \nthe criteria that the market capitalization of the Company did not meet the \nexchange's minimum threshold. The Company was granted 120 days to comply. To \nthat end, given the resource market has not recovered over the summer months, \nand the Company's market capitalization is still below the TSX's threshold, today's bulletin was issued. Pure Nickel currently meets all of the listing \ncriteria save for the market capitalization requirement.\nThe Company has made use of the streamlined listing procedure \nto move to the TSX Venture Exchange (\"TSX Venture\"). The TSX Venture has granted \nthe Company conditional approval to list on the exchange and the Company \nanticipates transitioning to the TSX Venture in early October with no disruption \nin the trading of NIC.\nPure Nickel continues to be in a strong financial position and \noperational position with $2.4 million in working capital and active exploration \nprojects in Alaska and Manitoba. \nAbout Pure Nickel Inc.\nPure Nickel is a TSX listed mineral exploration company with a \npremium collection of properties in North America. The Company is currently \nactive on its two Alaskan properties, MAN and Salt Chuck, as well as on the \nWilliam Lake nickel project in Manitoba. Drilling has recently concluded on the \nMAN project and assays are pending.\nForward Looking Statements \nSome of the statements contained herein may be forward-looking \nstatements which involve known and unknown risks and uncertainties. Without \nlimitation, statements regarding potential mineralization and resources, \nexploration results, expectations, plans, and objectives of Pure Nickel are \nforward-looking statements that involve various risks. The following are \nimportant factors that could cause Pure Nickel's actual results to differ \nmaterially from those expressed or implied by such forward-looking statements: \nchanges in the world wide price of mineral commodities, general market \nconditions, risks inherent in mineral ...