Business
Nickel Rock Resources Amends Terms of Acquisition
(TheNewswire) Vancouver, BC, Canada – TheNewswire - March 19, 2021...
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[{"type":"text","content":"Nickel Rock Resources Amends Terms of Acquisition\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, BC, Canada –\n \n \n TheNewswire - March 19,\n2021:  -\n \n \n Nickel Rock\nResources Inc. (“the Company”)\n \n \n (\n \n \n TSXV:NICL\n \n \n )\n \n \n (\n \n \n OTC:NICKLF\n \n \n )\n \n \n announces that further to the Company’s news release dated\nFebruary 2, 2021 and Option Agreement entered into with 802213 AB Ltd.\n \n \n for the purchase of a 100% interest, subject to\na 2% NSR, in 6 mineral claims, covering 22.6 sq.km, located\napproximately 15 km west of Mt Sydney Williams and the Decar Nickel\ndeposit of FPX Nickel (V.FPX), near Fort St James, BC, the Company has\namended the terms of the Option Agreement with respect to the share\nissuances.\n \n \n \n \n The share issuances have now been amended so that\n450,000 shares will be issued upon TSX Venture Exchange\n(“Exchange”) acceptance to the Transaction.  450,000 shares will\nbe issued on the 1\n \n \n st\n \n \n anniversary of Exchange approval; 500,000\nshares will be issued on the 2\n \n \n nd\n \n \n anniversary of\nExchange approval; 600,000 shares will be issued on the 3\n \n \n rd\n \n \n anniversary of\nExchange approval; 1,000,000 shares will be issued on the\n4\n \n \n th\n \n \n anniversary of Exchange approval and 3,000,000 will be issued upon\nconversion of the claims to a mining lease.  All other terms of the\nOption Agreement remain the same.\n \n \n \n \n \n \n The Agreement is subject\nto\n \n \n Exchange approval and all securities issued\nin connection with transaction will be subject to a four month and a\nday hold period in accordance with applicable securities laws.\n \n \n \n \n The Company also announces that Konstantin Lichtenwald\nhas been appointed as Chief Financial Officer in place of Tak Tsan\n(Simon) Tso, effective today.\n \n \n \n \n Mr. Lichtenwald specializes in providing corporate\nfinance, valuation, taxation, financial reporting, consulting and\nother accounting services to both small businesses as well as public\ncommodity resource companies. He also assists in many aspects of\nclients' administration, financing and other activities. Mr.\nLichtenwald also worked at Ernst & Young GmbH, Germany, in the\nassurance department. He earned his Bachelor of Business\nAdm...