Nickel One Announces Debt for Equity Exchange
April 10, 2019 TSX-V: NNN
Nickel One Announces Debt for Equity Exchange
Vancouver, BC , April 10, 2019 – Nickel One Resources Inc. , (TSX -V: NNN), (the
“Company” or “Nickel One”) announces that it has agreed to settle outstanding indebtedness
with arm’s length parties in the sum of $110,699 by the issuance of 1,006,355 post-consolidation
(2,012,710 pre-consolidation) common shares in the capital stock of the Company at a price of
$0.11 per share post-consolidation ($0.055 pre -consolidation). The arm’s length parties are
consultants and service providers that provided various services to the Company in 2016 and
2017.
Derrick Weyrauch, Interim President and CEO stated, “ As at March 27, 2019, the Company had
accumulated liabilities from consultants and service providers of approximately $566,000
(unaudited). With the debt settlement announced on March 28, 2019 and today’s announcement,
the proforma liabilities related to those service providers, as at March 27, 2019 are reduced by
approximately 55% or $311,000 to only $256,000.”
The completion of this transaction is subject to the approval of the TSX Venture Exchange.
About Nickel One:
Nickel One Resources Inc. is a PGE, nickel, copper exploration and development company. Its
assets consist of the Lantinen Koillismaa (“LK”) PGE -Ni-Cu project, located in north- central
Finland and the Tyko Ni-Cu-PGE property, near Marathon, Ontario, Canada.
ON BEHALF OF THE BOARD:
“Derrick Weyrauch”
Interim President & CEO, Director
For further information contact:
Derrick Weyrauch
Phone: 1-778-327-5799
Fax: 778-327-6675
Email: [email protected]
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined 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 set 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, forwar d-
looking statements often address a company's expected future business and financial
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 f inancing; operational risks associated with mining and
mineral processing; fluctuations 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.