Announces Proposed Share Consolidation and Provides Corporate Update
January 22, 2019 TSX-V: NNN
Nickel One Resources Inc.
Announces Proposed Share Consolidation and Provides Corporate Update
Vancouver, BC – Nickel One Resources Inc. (the “Company” or “Nickel One”) announces a
proposed consolidation of its share capital on the basis of one (1) new common share without par
value for every ten (10) existing common shares without par value (the “Share Consolidation”),
so that the issued and outstanding common shares of the Company are altered from 51,730,553
common shares without par value to approximately 5,173,055 common shares without par value,
subject to adjustment for any further share issuances made by the Company prior to the Share
Consolidation being made effective. The Com pany does not intend to change its name in
conjunction with the Share Consolidation. Management of the Company believes that the Share
Consolidation will better position the Company to raise the funds it requires to finance its
ongoing business activities including exploration of its properties as well as the acquisition of
additional mineral properties.
The Share Consolidation was approved by the board of Directors of the Company. The Company
plans to implement the Share Consolidation, subject to the acce ptance by the TSX Venture
Exchange.
Corporate Update
As part of the Company’s restructuring, it has decided to sell its Lantinen Koillismaa project in
Finland. The Lantinen Koillismaa (“LK”) Copper-Nickel-Platinum Group Element (Cu-Ni-PGE)
project, located in north -central Finland, is a promising Cu- Ni-PGE project in an area of the
world populated by several large -scale producers, three smelters, and a mining friendly
jurisdiction. More than $10M in previous exploration expenditures has outlined historic mineral
resources. A current NI 43- 101 Technical Report is available in the Company’s documents on
SEDAR.
About Nickel One:
Nickel One Resources Inc. is a PGE, Nickel, Copper exploration and development company. Its
assets consist of the Tyko Property near Marathon, Ontario, Canada and the LK PGE, Copper
Nickel, project in Finland. Nickel One’s objective is to efficiently advance the Tyko Project
through exploration and development to a mineral resource The Company also intends to build
shareholder value through accretive acquisition of additional promising assets.
ON BEHALF OF THE BOARD:
“Vance Loeber”
President & CEO, Director
For further information contact:
Vance Loeber
Phone: 1-778-327-5799 ext.315
Fax: 778-327-6675
Email: [email protected]
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defin ed in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United
States of America. The common shares of Nickel One Resources Inc. have not been and will not
be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable exemption from registration.
Information s et forth in this press release may contain forward -looking statements. Forward-
looking statements are statements that relate to future, not past events. In this context, forward -
looking statements often address a company's expected future business and fina ncial
performance, and often contain words such as "anticipate", "believe", "plan", "estimate",
"expect", and "intend", statements that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. By their nature, forward- looking
statements involve known and unknown risks, uncertainties and other factors which may cause
our actual results, performance or achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or implied by such forward -
looking statements. Such factors include, among others, risks associated with project
development; the need for additional financing; operational risks associated with mining and
mineral processing; fluct uations in gold and other commodity prices; title matters; 6
environmental liability claims and insurance; reliance on key personnel; the absence of
dividends; competition; dilution; the volatility of our common share price and volume; and tax
consequences to U.S. Shareholders. Forward- looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are made and the
Company undertakes no obligation to update forward- looking statements if these beliefs,
estimates and opinions or other circumstances should change. Investors are cautioned against
attributing undue certainty to forward-looking statements.