Premium Nickel Resources Ltd. Announces Director DSU Grant
Premium Nickel Resources Ltd. Announces
Director DSU Grant
Toronto, Ontario--(Newsfile Corp. - July 8, 2024) -
Premium Nickel Resources Ltd. (TSXV: PNRL)
(OTCQX: PNRLF) ("PNRL" or the "Company")
announces that it has granted an aggregate of
350,202 deferred share units ("
DSUs
") to its non-management directors at a deemed price of $0.81 per
DSU. The DSUs were granted in consideration for services rendered by the directors for the quarter
ended June 30, 2024.
The DSUs were granted in accordance with the Company's Deferred Share Unit
Plan adopted on December 26, 2022, as amended, and were priced based on the volume weighted
average price of the Company's common shares on the TSX Venture Exchange for the last five trading
days immediately preceding the grant date. To date, the Company has issued a total of 1,393,676
DSUs to its non-management directors.
About Premium Nickel Resources Ltd.
PNRL is a mineral exploration and development company that is focused on the redevelopment of the
previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic
of Botswana.
PNRL is committed to governance through transparent accountability and open communication within
our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating
over 400 years of resource discoveries, mine development and mine re-engineering experience on
projects like the Company's Selebi and Selkirk mines. PNRL's senior team members have on average
more than 20 years of experience in every single aspect of mine discovery and development, from
geology to operations.
ON BEHALF OF THE BOARD OF DIRECTORS
Keith Morrison
Director and Chief Executive Officer
Premium Nickel Resources Ltd.
For further information about Premium Nickel Resources Ltd., please contact:
Jaclyn Ruptash
Vice President, Communications and Government and Investor Relations
+1 (604) 770-4334
Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation based on expectations, estimates and projections as at the date of this news
release. Forward-looking information involves risks, uncertainties and other factors that could cause
actual events, results, performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. For the purposes of this release, forward
looking information includes, but is not limited to, the Company's ability to advance its mineral projects in
the Republic of Botswana. These forward-looking statements, by their nature, require the Company to
make certain assumptions and necessarily involve known and unknown risks and uncertainties that could
cause actual results to differ materially from those expressed or implied in these forward-looking
statements. Factors that could cause actual results to differ materially from such forward-looking
information include, but are not limited to, capital and operating costs varying significantly from
estimates; the preliminary nature of metallurgical test results; the ability of exploration results to predict
mineralization or the feasibility of mine production; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; uncertainties relating to the availability and costs
of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices;
delays in the development of projects; the other risks involved in the mineral exploration and
development industry; and those risks set out in the Company's public disclosure record on SEDAR+
(
www.sedarplus.ca
) under the Company's issuer profile. Although the Company believes that the
assumptions and factors used in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the date
of this news release, and no assurance can be given that such events will occur in the disclosed time
frames or at all. The Company disclaims any intention or obligation to update or revise any forward-
looking information, whether as a result of new information, future events or otherwise, other than 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. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained herein.
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/215697