Canada Nickel Announces Results of Annual and Special Meeting of Shareholders
Canada Nickel Announces Results of
Annual and Special Meeting of Shareholders
TORONTO, April 20, 2022 - Canada Nickel Company Inc. (TSX-V: CNC) ("Canada Nickel" or the "Company")
is pleased to announce the results of its annual and special meeting of shareholders of the Company (the
"Shareholders") held today.
Each of the nominee directors listed in the Company's management information circular dated March
16th, 2022 (the "Circular"), being Mark Selby, Mike Cox, Jennifer Morais, Francisca Quinn, Kulvir Singh Gill,
David Smith and Russell Starr, were elected as directors.
The following resolutions: (i) approving the appointment of MNP LLP as auditors of the Company to hold
office until the next meeting of shareholders and to authorize the directors to fix the remuneration to be
paid to the auditors; and (ii) setting the number of directors of the Company at seven and empowering
the directors of the Company to determine by resolution the number of direct ors to be elected at the
annual meetings of Shareholders of the Company, all as more particularly described in the Circular,
received the requisite approvals of the Shareholders.
Purchase of Timmins-Area Properties & Issuance of Shares to Service Providers
Canada Nickel announces today that it has entered into a purchase agreement to acquire properties
located in the Timmins, Ontario nickel-sulphide mining district. Under the agreement , in partial
consideration for the properties and subject to the approval of the TSX Venture Exchange, Canada Nickel
has agreed to issue 50,000 common shares to the seller (which common shares will be subject to a four -
month hold period under applicable securities laws).
Canada Nickel also announces today that, subject to the approval of the TSX Venture Exchange, it has
agreed to issue an aggregate of 44,103 common shares of the Company at a deemed issue price of $2.60
per common share in satisfaction of an aggregate of $115,448 in obligations due to a service provider of
the Company (the "Share Issuance "). The common shares will be subject to a four -month hold period
under applicable securities laws.
About Canada Nickel
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel
required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has
applied in multiple jurisdictions to trademar k the terms NetZero Nickel TM, NetZero Cobalt TM, NetZero
IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel,
cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk
jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel -Cobalt
Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please
visit www.canadanickel.com.
For further information, please contact:
Mark Selby, Chair and CEO
Phone: 647-256-1954
Email: [email protected]
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION
This news release contains certain information that may constitu te "forward-looking information" under
applicable Canadian securities legislation. Generally, forward-looking information can be identified by the
use of forward - looking terminology such as "plans", "expects", or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or
"believes" or variations of such words and phrases or state that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information includes, but is not limited to, drill results relating to the Crawford Nickel-
Cobalt Sulphide Project, the potential of the Crawford Nickel-Cobalt Sulphide Project, timing of economic
studies and resource estimates, strategic plans, including future exploration and development results, the
timing and ability of the Company to complete the S hare Issuance and acquisition of the Timmins
properties (if at all and on the terms described herein), the ability of the Company to obtain the appro val
of the TSX Venture Exchange in respect of the S hare Issuance, and corporate and technical objectives.
Forward-looking information is necessarily based upon a number of assumptions that, while considered
reasonable, are subject to known and unknown risk s, uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed or implied by such forward -
looking information. Factors that could affect the outcome include, among others: future prices an d the
supply of metals, the future demand for metals, the results of drilling, inability to raise the money
necessary to incur the expenditures required to retain and advance the property, environmental liabilities
(known and unknown), general business, economic, competitive, political and social uncertainties, results
of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure
to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation
to the Company's business operations including upon its employees, suppliers, facilities and other
stakeholders. There can be no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such information. Accordingly, readers
should not place undue reliance on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and is based upon the opinions and estimates
of management and information available to management as at the date hereof. Canada Nickel disclaims
any intention or obligation to update or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by law.