Fort St. James Nickel Corp. Proposes Shares for Debt Settlements
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
910 - 510 Burrard Street, Vancouver, British Columbia, V6C 3A8
FOR IMMEDIATE RELEASE TSX-V: FTJ
Fort St. James Nickel Corp. Proposes Shares for Debt Settlements
Vancouver, British Columbia – January 7, 2013 – Fort St. James Nickel Corp. (“Fort St. James”) announces that, subject to acceptance by the TSX Venture Exchange, it proposes settling aggregate debt and loans plus accrued interest totalling $468,819.43 by issuance of an aggregate 9,376,389 common shares at a deemed per share value of $0.05. A submission to the TSX Venture Exchange in this regard is in process.
Shares proposed to be issued in settlement of the debts will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.
For further information, please contact:
Head Office: Tel. 604-662-8186 Sandy MacDougall Fax 604-662-8170 President and Chief Executive Officer www.fortstjamesnickel.com
This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Fort St James Nickel Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Fort St James management on the date the statements are made. Fort St James Nickel Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.