November 12, 2019. Pure Nickel Inc. announces that drilling has commenced on its Neal Gold Project located 27 kilometers southeast of Boise, Idaho. The program consists of approximately 1,000 meters of reverse circulation drilling and is designed to target unmined quartz-gold vein structures down-dip and on strike of known historic mines and mineralized structures. Results from this initial exploration program will form [...]
Pure Nickel Inc. announces the appointment of Mr. James T. O'Neil Jr. to the Board of Directors of the Company. Mr. O'Neil is a senior executive with 45 years of experience in the metal mining and processing industry. He has held senior executive positions with major international mining companies Grupo Mexico, ASARCO, and Southern Copper Corp.. Mr. O'Neil has served on the board of directors or in executive positions [...]
Pure Nickel Inc. announces that it has closed a financing of unsecured convertible debentures in the amount of $300,000. The Debentures have a term of one year, bear interest at a rate of 8% per annum, and are convertible into common shares at a price of $0.05 per share. The Financing consisted of 300 units at a price of $1,000 per unit , each Unit consisting of $1,000 of Debentures. The Debentures and shares issuable [...]
Pure Nickel Inc. announces that it has completed a non-brokered private placement of 2,000,000 units at a price of $0.05 per Unit for gross proceeds of $100,000. Each Unit consists of one common share and one-half of one Common Share purchase warrant , each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All securities issued in [...]
Pure Nickel Inc. announces that it plans to raise up to $500,000 in a non-brokered private placement financing . The Offering consists of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of $500,000. Each Unit consists of one common share and one-half of one Common Share purchase warrant , each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a [...]
Pure Nickel Inc. is pleased to announce that it has closed its previously announced transaction with Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, pursuant to which Pure Nickel has issued to 2176423 Ontario Ltd. a Convertible Debenture in the amount of $3,000,000. The Debenture has a term of two years and bears interest at a rate of 8% per annum. The Debenture is convertible [...]
Pure Nickel Inc. is pleased to announce that Eric Sprott, through 2176423 Ontario Ltd., has entered into an investment agreement with the Company pursuant to which Mr. Sprott has agreed to subscribe for a convertible debenture of the Company in the principal amount of $3,000,000, subject to certain terms and conditions. The Debenture will have a term of two years and bear interest at a rate of 8% per annum, payable at [...]
Pure Nickel Inc. announces that it has completed the final tranche of a non-brokered private placement . Upon closing of the final tranche of the Financing, the Company issued 500,000 units at a price of $0.05 per Unit for gross proceeds of $25,000. Each Unit consists of one common share and one-half of one Common Share purchase warrant , each Warrant entitling the holder to purchase one additional Common Share at an [...]
Pure Nickel Inc. announces it has agreed to settle an aggregate amount of $74,670 for services and expenses rendered to the Company to be settled by the issuance of 1,493,400 common shares at a deemed issue price of $0.05 per share. The transaction is being undertaken by the Company in order to conserve working capital. The securities issued pursuant to the Debt Settlement will be subject to a four-month hold period [...]
Pure Nickel Inc. announces that it has completed a non-brokered private placement of 2,333,333 units at a price of $0.05 per Unit for gross proceeds of $116,667. Each Unit consists of one common share and one-half of one Common Share purchase warrant , each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All securities issued in [...]
Pure Nickel Inc. announces that it has filed a Technical Report, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, for the Neal Project . The Company is Eric Sprott's 51% partner in the Neal Development Limited Partnership which holds a lease to operate Neal . The Neal mine area, located 27 kilometers southeast of Boise, Idaho, is a high-grade [...]
Eric Sprott announces that on May 13, 2019, through 2176423 Ontario Ltd. , acquired 10,221,732 common shares of Pure Nickel Inc. representing approximately 13.0% of the outstanding Shares on a non-diluted basis. The consideration for the Shares was 102 units of the Neal Development Limited Partnership , valued at approximately $0.02 per Share for total consideration of $204,434.64. Prior to the Acquisition, Mr. Sprott did [...]
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