03:01:38 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



North American Nickel Inc (2)
Symbol NAN
Shares Issued 133,870,031
Close 2022-02-16 C$ 0.58
Market Cap C$ 77,644,618
Recent Sedar Documents

North American Nickel shareholders OK all AGM matters

2022-06-23 17:05 ET - News Release

Mr. Keith Morrison reports

NORTH AMERICAN NICKEL ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL SHAREHOLDERS' MEETING

North American Nickel Inc. has released the results of its annual general and special shareholders meeting held earlier today, where each of the matters described in the management information circular of the company dated May 26, 2022, was overwhelmingly approved by the shareholders of the company, as more particularly described below.

Interim board

The shareholders re-elected Charles Riopel, Douglas Ford, John Hick, Christopher Messina, Keith Morrison and Zhen (Janet) Huang as directors of the company to hold office until the earlier of: (i) the next annual meeting of shareholders or until their successors are elected or appointed; and (ii) the closing of the previously announced reverse takeover transaction with Premium Nickel Resources Corp.

Auditor

The shareholders approved the reappointment of Dale Matheson Carr-Hilton LaBonte LLP as the auditor of the company.

Continuance

The shareholders approved the continuance of the company from British Columbia to Ontario and authorized the board of directors of the company to file articles of continuance to give effect to the foregoing. The continuance is not a condition precedent to the completion of the proposed RTO transaction.

New bylaw No. 1

The shareholders ratified and approved the adoption of bylaw No. 1 as the new general bylaw of the company to become effective upon the continuance.

Board size

The shareholders authorized the board of directors of the company to set, by director resolution, the size of the board of directors from time to time within the minimum and maximum number of directors to be set forth in the articles of continuance of the company to be effective upon the continuance.

Resulting issuer board

The shareholders elected Mr. Morrison, Mr. Riopel, Mr. Hick, Sheldon Inwentash, Sean Whiteford and John Chisholm to replace the interim board conditional and effective upon the closing of the proposed RTO transaction to hold office until the next annual meeting of shareholders or until their successors are elected or appointed.

Name change

The shareholders authorized the board of directors to change the name of the company to Premium Nickel Resources Ltd. or such other name as may be determined by the board of directors of the company in conjunction with the closing of the proposed RTO transaction.

Option plan

The shareholders authorized the amended stock option plan of the company to replace the existing stock option plan of the company conditional and effective upon the closing of the proposed RTO transaction.

Full particulars of the matters considered at the meeting are described in the management information circular of North American Nickel dated May 16, 2022, a copy of which is available electronically on SEDAR under North American Nickel's issuer profile.

Following the meeting, the board of directors reappointed Mr. Riopel (chairman), Mr. Morrison (chief executive officer), Sarah-Wenjia Zhu (chief financial officer), Sharon Taylor (chief geophysicist) and Peter Lightfoot (consulting chief geologist). Management of the company following completion of the proposed RTO transaction is expected to include Mr. Morrison (chief executive officer), Mark Fedikow (president), Ms. Zhu (chief financial officer), Ms. Taylor (chief geophysicist) and Mr. Lightfoot (consulting chief geologist).

Completion of the RTO transaction is subject to the satisfaction or waiver of several conditions precedent, including, but not limited to, receipt of the required approvals of: (i) the TSX Venture Exchange; and (ii) the shareholders (which the company intends to obtain by way of a written consent in accordance with the policies of the TSX Venture Exchange). Further details of the terms of the RTO transaction are set out in the amalgamation agreement, a copy of which is available on SEDAR under North American Nickel's issuer profile, and the news releases of the company dated April 26, 2022, and April 28, 2022.

The common shares of the company will remain halted, pending the closing of the proposed RTO transaction (if at all). An update on the resumption of trading of the common shares of the company on the TSX Venture Exchange will be provided to North American Nickel in due course.

About North American Nickel Inc.

North American Nickel is a mineral exploration company with 100-per-cent-owned properties in Maniitsoq, Greenland, and Ontario, Canada. In 2019, North American Nickel became a founding shareholder in PNR to provide direct exposure to nickel-copper-cobalt opportunities in the southern African region. Simultaneously, North American Nickel is expanding its area of exploration interest into Morocco.

The Maniitsoq property in Greenland is a camp-scale permitted exploration project comprising 3,048 square kilometres covering numerous high-grade nickel-copper plus cobalt sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland norite belt (GNB). The greater-than-75-kilometre-long belt is situated along, and near, the southwest coast of Greenland and is reachable from the existing Seqi deepwater port with an all-year-round shipping season and hydroelectric power potential from a quantified watershed.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past-producing Podolsky copper-nickel-precious-metal sulphide deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dike structure. Such geological structures host major nickel-copper-platinum-group-metal deposits and producing mines within the Sudbury camp.

North American Nickel acquired 100-per-cent ownership of the property near the southern extent of the Lingman Lake greenstone belt in Northwestern Ontario known as Lingman nickel and in the Quetico region near Thunder Bay, Ont. The acquisition of these properties is part of North American Nickel's strategy to develop a pipeline of new nickel projects. North American Nickel is evaluating direct and indirect nickel asset acquisition opportunities globally.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.