Flying Nickel and Nevada Vanadium Announces Change in Financial Year End and Provides Update on the Plan of Arrangement
Joint Press Release
Not for distribution to United States newswire services or for dissemination in the United States.
Flying Nickel and Nevada Vanadium Announces Change
in Financial Year End and Provides Update on the Plan of
Arrangement
VANCOUVER, British Columbia, December 29, 2022 – Flying Nickel Mining Corp. (TSX-V:
FLYN; OTCQB: FLYNF) (“Flying Nickel”) and Nevada Vanadium Mining Corp. (formerly 1324825
B.C. Ltd.) (“Nevada Vanadium”) announces that they are changing their financial year end from
December 31 to March 31. As a result, both Flying Nickel and Nevada Vanadium will file an
additional interim report as at December 31, 2022 and will report audited financial results for a
15-month transition year from January 1, 2022 to March 31, 2023 (with a comparative of the 12
months ended December 31, 2021). Afterwards, both Flying Nickel and Nevada Vanadium will
revert to a customary reporting calendar based on a March 31 year-end, with fiscal quarters
ending on the last day of June, September, December and March each year.
This change of financial year-end facilitates the audit process given the great demand for audit
services with the December 31 year end.
The notice for the change in financial year-end required under National Instrument 51-102 –
Continuous Disclosure Obligations will be filed under Flying Nickel’s and Nevada Vanadium’s
SEDAR profile at www.sedar.com.
Flying Nickel and Nevada Vanadium also announce that further to their joint press releases dated
October 5, 2022 and August 23, 2022, Flying Nickel and Nevada Vanadium continue to work
diligently with their respective advisors towards completion of the proposed acquisition of all of
the issued and outstanding common shares of Nevada Vanadium by Flying Nickel by way of a
court-approved plan of arrangement (the “ Transaction”). Flying Nickel and Nevada Vanadium
expect to update the closing schedule in January 2023.
About Flying Nickel Mining Corp.
Flying Nickel Mining Corp. is a premier nickel sulphide mining and exploration company. Flying
Nickel is advancing its 100% owned Minago Nickel project in the Thompson nickel belt in
Manitoba, Canada.
About Nevada Vanadium Mining Corp.
Nevada Vanadium Mining Corp. is a Canadian reporting issuer, holding a 100% interest in the
Gibellini Vanadium project in Nevada, United States.
For further information, please contact:
Flying Nickel Mining Corp.
John Lee
Chief Executive Officer and Director
Flying Nickel Mining Corp.
www.flynickel.com
1.877.664.2535 / 1.877.6NICKEL
Nevada Vanadium Mining Corp.
Ron Espell
Chief Executive Officer
Nevada Vanadium Mining Corp.
www.nevadavanadium.com
Forward-looking Statements and Cautionary Disclaimers
References to $ herein refer to the lawful currency of Canada and references to US$ herein refer to the
lawful currency of the United States.
This news release is not an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction,
nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful. This press release does not constitute an offer of securities for sale in the United States. The
securities being offered have not been, nor will they be, registered under the United States Securities Act
of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S.
registration or an applicable exemption from U.S. registration requirements.
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV
acceptance and if applicable, disinterested shareholder and court approval. Where applicable, the
Transaction cannot close until the required shareholder and court approval is obtained.
There can be no assurance that the Transaction will be completed as proposed or at all. Investors are
cautioned that, except as disclosed in the management information circular or filing statement to be
prepared in connection with the Transaction, any information released or received with respect to the
Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of
Flying Nickel and Nevada Vanadium should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this news release.
This news release contains certain “forward-looking statements” and “forward-looking information” under
applicable Canadian and United States securities laws concerning the business, operations and financial
performance and condition of each of Flying Nickel and Nevada Vanadium (collectively, the
“Corporations”). Forward-looking statements and forward-looking information include, but are not limited
to, statements with respect to the terms and completion of the Transaction. Except for statements of
historical fact relating to Nevada Vanadium and Flying Nickel, certain information contained herein
constitutes forward-looking statements. Forward-looking statements are frequently characterized by words
such as “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,”
“likely,” “will,” “should,” “to be”, “potential” and other similar words, or statements that certain events or
conditions “may”, “should” or “will” occur, including, without limitation, that all conditions precedent to the
Transaction will be met and the realization of the anticipated benefits derived therefrom for shareholders of
Nevada Vanadium and Flying Nickel and the view on (i) the quality and the potential of Nevada Vanadium's
and Flying Nickel’s respective’ assets, (ii) the consideration offered to Nevada Vanadium’s shareholders,
and (iii) the potential of the Resulting Issuer. Forward-looking statements are based on the opinions and
estimates of management of each of Nevada Vanadium and Flying Nickel at the date the statements are
made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those projected in the forward-
looking statements. Many of these assumptions are based on factors and events that are not within the
control of Nevada Vanadium and Flying Nickel, there is no assurance they will prove to be correct and are
not guarantees of future performance and actual results may differ materially from those in the forward-
looking statements.
Factors that could cause actual results to vary materially from results anticipated by such forward -looking
statements include changes in market conditions; cash flow; risks relating to the availability and timeliness
of regulatory and governmental approvals; shareholder approval of the Transaction; supply of, and demand
for, battery metals such as Nickel and Vanadium; fluctuating commodity prices and currency exchange
rates, the possibility of cost overruns or unanticipated costs and expenses, labour disputes and other risks
of the mining industry.
These factors are discussed in greater detail in Flying Nickel’s most recent MD&A filed on SEDAR, which
also provide additional general assumptions in connection with these statements, and in Nevada
Vanadium’s most recent MD&A filed on SEDAR, which also provide additional general assumptions in
connection with these statements. Nevada Vanadium and Flying Nickel caution that the foregoing list of
important factors is not exhaustive. Investors and others who base themselves on forward-looking
statements contained herein should carefully consider the above factors as well as the uncertainties they
represent and the risk they entail. Nevada Vanadium and Flying Nickel believe that the expectations
reflected in those forward-looking statements are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking statements included in this news release
should not be unduly relied upon. These statements speak only as of the date of this news release.
Although Nevada Vanadium and Flying Nickel have attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results not to be anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Nevada Vanadium and
Flying Nickel undertake no obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise except as required by applicable securities laws.
The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning
mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to
the extent they involve estimates of the mineralization that will be encountered as the property is developed.
Further, Nevada Vanadium and Flying Nickel may make changes to the terms of the Transaction, and their
respective business plans that could affect results.