Business
Noble Mineral Exploration Inc. Announces Creation of Canada Nickel Company; Appoints Mark Selby as Chairman & CEO
Mark Selby Appointed Chairman and CEO of Canada Nickel Company 100% Consolidation & Spin-out of Crawford Nickel-Cobalt Sulphide Project Fully-subscribed $5 Mill
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":" Mark Selby Appointed Chairman and CEO of Canada Nickel Company 100% Consolidation & Spin-out of Crawford Nickel-Cobalt Sulphide Project Fully-subscribed $5 Million Private Placement in Canada Nickel Company TheNewswire - October 1, 2019 - Noble Mineral Exploration Inc. (TSXV:NOB) (\"Noble\" or \"the Company\") today announced its plan to: create the Canada Nickel Company (\"Canada Nickel\"), which will own a consolidated 100% interest in the Crawford nickel-cobalt sulphide project, and distribute a significant portion of Noble's interest in Canada Nickel to Noble shareholders and qualify Canada Nickel as a new public entity. Canada Nickel will be led by Mark Selby, who will be appointed Chairman & CEO. The Company also announced the plan to complete a fully-subscribed $5 million private placement into Canada Nickel, subject to regulatory approval, to fund the cost of the Crawford project consolidation and continue exploration and mineralogical work to advance the project. \"I am delighted to welcome Mark Selby to lead Canada Nickel through the next phases of exploration and development to unlock the massive potential of Crawford. Mark is a recognized leader in the global nickel industry given his experience and network successfully advancing the Dumont nickel project,\" said Mr. Vance White, President & CEO of Noble. \"I am very proud of the team that made the Crawford nickel discovery, which is one of the few nickel discoveries in many years with large scale potential. With the planned consolidation of ownership in Crawford and private placement, Canada Nickel is well-positioned for the next exciting phase of growth and value creation for Noble shareholders.\" Mark Selby was most recently President & CEO of RNC Minerals, where he led the development of the Dumont nickel-cobalt project through to a fully permitted, construction ready project. Before RNC Minerals, he held senior management roles at Quadra and Inco and he is recognized as a leading authority on the nickel market. \"I am pleased to lead Canada Nickel and advance Crawford, which is an exciting project. Coupled with the close proximity to significant infrastructure near Timmins, I believe this will allow me to leverage all the experience and insights we learned in advancing Dumont,\" said Mr. Selby. \"The timing of this discovery is excellent. We are...