CANADA NICKEL COMPANY INC. ("CNC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 20, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition of 486 mining claims located in the Texmont ultramafic trend, Timmins, Ontario (the "Properties"), pursuant to ten (10) purchase and sale agreements (together "the Purchase Agreements") entered into between Canada Nickel Company Inc. (the "Company") and arm's length parties (each a "Vendor").
Under the terms of the Purchase Agreements, the Company has agreed to acquire the Properties by issuing an aggregate of 504,500 common shares and paying $262,150 in cash to the Vendors.
Furthermore, the Company has granted a 2% net smelter return royalty (the "NSR") to several of the Vendors as part of these agreements. The Company has an option to buy-back half of each such NSR granted (1%) for $1,000,000 cash payment.
For further details, please refer to the Company's news releases dated June 22, 2023 and September 06, 2023.
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