Flying Nickel and Nevada Vanadium Complete Merger
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FLYING NICKEL AND NEVADA VANADIUM COMPLETE MERGER
Vancouver, BC, August 16, 2024 – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (“ Flying
Nickel” or the “ Company”) and Nevada Vanadium Mining Corp. (“Nevada Vanadium ”) are pleased to
announce the successful completion of the previously announced plan of arrangement (the “Arrangement”
or the “ Merger”) effective August 16, 2024 whereby Flying Nickel has acquired 100% of the issued and
outstanding common shares of Nevada Vanadium (the “ NVMC Shares ”) and Nevada Vanadium has
become a wholly owned subsidiary of Flying Nickel.
Pursuant to the Arrangement, Nevada Vanadium shareholders (the “ NVMC Shareholders”) received one
common share of Flying Nickel (each whole share, a “ Flying Nickel Share”) for each NVMC Share held.
In aggregate, Flying Nickel issued approximately 65,893,359 Flying Nickel Shares under the Arrangement.
Board of Directors and Management
Flying Nickel’s board of directors post-Merger consists of four directors, including Greg Hall, Masa Igata,
Neil Duboff, and John Lee.
The senior management team of Flying Nickel post-Merger includes John Lee as Chief Executive Officer,
Ron Espell as President, Robert Van Drunen as Chief Operating Officer, Andrew Yau as Chief Financial
Officer, and Marion McGrath as Corporate Secretary.
Nevada Vanadium’s board of directors now consists of one director, being Greg Hall. No officers have been
appointed for Nevada Vanadium.
Full details of the Merger and certain other matters are set out in the joint management information circular
of Flying Nickel and Nevada Vanadium dated May 24, 2024 (the “Circular”) and can be found under Nevada
Vanadium or Flying Nickel’s issuer profile on SEDAR+ at www.sedarplus.ca. A copy of the early warning
report of Flying Nickel in connection with its acquisition of the NVMC Shares will be filed under Nevada
Vanadium’s issuer profile on SEDAR+ and can be obtained by contacting Flying Nickel as set out below.
About Flying Nickel
Flying Nickel is a nickel sulphide and vanadium exploration-stage mining company. The Company is
advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada and
Gibellini vanadium project in Nevada, USA.
For more information visit www.flynickel.com.
For more information, please contact:
John Lee
Chief Executive Officer and Executive Chairman
Email: [email protected]
Phone: 1.877.664.2535 / 1.877.6NICKEL
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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None of the securities to be issued pursuant to the Arrangement have been or will be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws,
and any securities issuable in the Arrangement are anticipated to be issued in reliance upon available
exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and
applicable exemptions under state securities laws. This press release does not constitute an offer to sell,
or the solicitation of an offer to buy, any securities.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of 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”. These forward-looking
statements or information may relate to the anticipated results of the Arrangement and the Company and Nevada
Vanadium’s ongoing business plans, exploration and work programs.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable
by management of the Company at the time, are inherently subject to business, market and economic risks,
uncertainties and contingencies that may cause actual results, performance or achievements to be materially different
from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to,
assumptions regarding expectations and assumptions concerning the Arrangement, and that general business and
economic conditions will not change in a material adverse manner. Although the Company and Nevada Vanadium have
attempted to identify important factors that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. 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 statements. Accordingly, readers should not place undue reliance
on forward-looking information.
Such statements represent the current views of the Company and Nevada Vanadium with respect to future events and
are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies
and uncertainties. Risks and uncertainties include, but are not limited to the following: the inability of the Company and
Nevada Vanadium to realize the benefits anticipa ted from the Arrangement and the timing to realize such benefits;
unanticipated changes in market price for the Flying Nickel Shares; changes to the Company’s and/or Nevada
Vanadium’s current and future business plans and the strategic alternatives available thereto; treatment of the
Arrangement under applicable laws; regulatory determinations and delays; stock market conditions generally; demand,
supply and pricing for minerals produced by the Company and Nevada Vanadium; and general economic and political
conditions in Canada and other jurisdictions where the applicable party conducts business. Other factors which could
materially affect such forward-looking information are described in the risk factors in the Circular, the Company’s
management’s discussion and analyses and other filings with the Canadian securities regulators which are available
under the Company’s profile on SEDAR+ at www.sedarplus.ca. The Company and Nevada Vanadium do not undertake
to update any forward-looking information, except in accordance with applicable securities laws.