Business
North American Nickel and Premium Nickel Resources Announce: Shareholder Approval of RTO; Filing of Filing Statement; Expected Closing of RTO
Toronto, Ontario--(Newsfile Corp. - July 27, 2022) - Premium Nickel Resources Corporation ("PNR") and North American Nickel Inc. (TSXV: NAN) ("NAN") are pleased
About this update from Nexmetals Mining Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 27, 2022) - Premium Nickel Resources Corporation (\"PNR\") and North American Nickel Inc. (TSXV: NAN) (\"NAN\") are pleased to provide the following updates further to their joint news release of July 21, 2022 in respect of their previously-announced \"reverse takeover\" transaction (the \"RTO\"): Shareholder Approval of RTO: The disinterested shareholders of NAN have approved the RTO by way of a resolution passed in writing pursuant to the policies of the TSX Venture Exchange (the \"Exchange\"). Filing of Filing Statement: NAN and PNR have finalized and filed a filing statement dated July 22, 2022 on Exchange Form 3D2 (the \"Filing Statement\"), which provides full particulars about the RTO, the \"Resulting Issuer\" and its business, including relevant historic and pro forma financial information and technical information in respect of the Selebi Project located in Botswana, which will be the only material property of the Resulting Issuer. Readers are encouraged to review the Filing Statement in its entirety, which is available electronically on SEDAR (www.sedar.com) under NAN's issuer profile and on its corporate website (https://www.northamericannickel.com). Closing of RTO: Subject to the satisfaction or waiver of the remaining conditions precedent to the RTO, NAN and PNR expect the RTO to close during the first week of August 2022. Following closing of the RTO, and subject to the final acceptance of the Exchange, the common shares of the Resulting Issuer will commence trading on the Exchange under the trading symbol \"PNRL\", and will carry on the businesses of PNR and NAN as the combined company. Note: In this news release, references to the \"Resulting Issuer\" are to NAN after the closing of the RTO. As certain directors and officers of NAN are also directors and officers of PNR, the Amalgamation Agreement is considered as a \"Non-Arm's Length\" agreement pursuant to the policies of the Exchange. Keith Morrison, CEO and Director of NAN and PNR, commented: \"We are eager to be moving towards closing of the RTO transaction, having received the required shareholder and stock exchange approvals. In the coming weeks we expect to commence trading under the Premium Nickel Resources Ltd. banner under the ticker symbol \"PNRL\". We are equally as eager to begin providing meaningful updates...