Frankfurt Symbol:7N1 NR-2017-02-01 Nickel One Resources announces signing of Definitive Agreement with Finore Mining for the acquisition of the LK PGE-Cu-Ni project in Finland
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TSXV Symbol: NNN
Frankfurt Symbol:7N1
NR-2017-02-01
Nickel One Resources announces signing of Definitive Agreement with Finore Mining
for the acquisition of the LK PGE-Cu-Ni project in Finland
February 1, 2017 - Vancouver, BC – Nickel One Resources In c. (“Nickel One” or the
“Company”, TSXV:NNN) – Nickel One announces that the Company signed a Definitive
Agreement with Finore Mining (“Finore”) for the purchase of 100% interest in the Lantinen
Koillismaa Platinum Group Element -Copper-Nickel (PGE-Cu-Ni) project (“LK Project”)
located in North-central Finland. Subject to TSX approval, Nickel One will issue to Finore 5
million common shares and 2,500,000 common share purchase warrants exercisable at
$0.12 for 24 months from the date of closing of Nickel One . The 100% will be acquired
through the purchase of Nortec Minerals Oy, the wholly-owned Finnish subsidiary of Finore.
Nickel One will abide by all the underlying agreements with respect to ownership of the LK
Project.
Vance Loeber, President, CEO and Di rector comments: “The LK Project provides us with
an excellent opportunity to build on a substantial platinum, palladium, gold, copper, and
nickel resource in a mining friendly jurisdiction with some of the best infrastructure in the
world. Building on mor e than $10M in previous exploration expenditures that outlined two
deposits, and our in-depth understanding of the geology and mineralization style, we are in
a position to rapidly advance the project toward a very large tonnage and potentially
economic precious metals deposit, with the added bonus of copper and nickel based on a
current 43-101 compliant resopurce. In addition, the LK Project provides us with a foothold
in Finland from which we will be taking a hard look at other opportunities to continue to build
a strong portfolio of projects in Nickel One.”
Nickel One’s management is of the opinion that the purchase of the advanced LK Project
provides its shareholders with exposure to a promising PGE-Cu-Ni deposit in an area of the
world populated by sev eral large scale producers and three smelters. The management of
Nickel One is highly experienced in the exploration and development of ultramafic intrusion -
hosted Nickel-Copper-PGE projects.
Dr. Scott Jobin -Bevans, Ph.D., P.Geo., Director of Nickel One , is the qualified person
responsible for the technical content of the press release.
About Nickel One: Nickel One Resources Inc. is a new base metal (copper, nickel) and
precious metal (platinum, palladium, gold) exploration and development company evaluating
the Tyko Property near Marathon, Ontario, Canada. Nickel One’s objective is to efficiently
advance the Tyko Project through exploration and development to a mineral resource. The
Company intends to build shareholder value through accretive acquisitio n of additional
promising assets.
ON BEHALF OF THE BOARD:
President, CEO & Director
“Vance Loeber”
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 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 so licitation 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, forward -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 achievem ents, 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 f or additional financing; operational risks associated with mining and
mineral processing; fluctuations in gold and other commodity prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the absence of dividends; com petition; 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.