Flying Nickel Announces Grant of Stock Options
Flying Nickel Announces Grant of Stock Options
Vancouver, British Columbia, March 6, 2024 – Flying Nickel Mining Corp. (“Flying Nickel”
or the “ Company ”) (TSX-V:FLYN, OTCQB:FLYNF) announces that its board of directors has
approved the grant of incentive stock options (the "Options" ) to certain officers to acquire a total
of 200,000 common shares in the capital of the Comp any at an exercise price of $0.06. All
Options were granted pursuant to the Company's 10% rolling stock option plan (the "Plan ") and
are subject to the terms of the Plan, the applicable grant agreements and the requirements of the
TSX-V. The Options are exercisable for a five-year term expiring March 6, 2029. The Options will
vest at 12.5% per quarter for the first two years following the grant date starting on June 6, 2024.
Flying Nickel and Nevada Vanadium Mining Corp. (“Ne vada 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 th eir respective advisors towards completion
of the proposed acquisition of all of the issued an d 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 April 2024.
About Flying Nickel
Flying Nickel Mining Corp. is a nickel sulphide mining and exploration company. The company is
advancing its 100% owned Minago nickel project in t he Thompson nickel belt in Manitoba,
Canada.
Further information on the Company can be found at www.flynickel.com.
FLYING NICKEL MINING CORP.
ON BEHALF OF THE BOARD
John Lee
Chief Executive Officer
For more information about the Company, please contact:
Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words
such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions,
and statements related to matters which are not his torical facts, are forward-looking information
within the meaning of applicable securities laws. Such forward-looking statements, which reflect
management’s expectations regarding the Company's f uture growth, results of operations,
performance, business prospects and opportunities, are based on certain factors and
assumptions and involve known and unknown risks and uncertainties which may cause the actual
results, performance, or achievements to be materially different from future results, performance,
or achievements expressed or implied by such forwar d-looking statements. Forward-looking
information in this news release includes the expected timing to determine the closing schedule
for the Company’s prosed merger with Flying Nickel by plan of arrangement (the “Proposed
Transaction”).
Forward-looking statements involve significant risks and uncertainties, and should not be read as
guarantees of future performance, events or results, and may not be indicative of whether such
events or results will actually be achieved. A number of risks and other factors could cause actual
results to differ materially from expected results discussed in the forward-looking statements,
including but not limited to: changes in business p lans; ability to secure sufficient financing to
advance the Company’s project, ability to complete the Proposed Transaction, as announced by
press releases on October 5 and August 23, 2022 (collectively, the “Joint News Releases”), and
unanticipated delays to the timing for closing; and general market, industry and economic
conditions. See the Joint News Releases for further details about the Proposed Transaction and
its associated risks. Further details about the ris k factors concerning the Proposed Transaction
are set out in such news releases. Additional risk factors are set out in the Company’s latest
annual and interim management’s discussion and anal ysis, available on SEDAR+ at
www.sedarplus.ca.
Forward-looking statements are based on reasonable assumptions by management as of the
date of this news release, and there can be no assu rance that actual results will be consistent
with any forward-looking statements included herein . Readers are cautioned that all forward
looking statements in this news release are made as of the date of this news release. The
Company undertakes no obligation to update or revis e any forward-looking statements in this
news release to reflect circumstances or events tha t occur after the date of this news release,
except as required by applicable securities laws.