Class 1 Nickel and Technologies Limited Provides Clarification Respecting the Shareholder Meeting to Be Held ON February 3, 2021
CLASS 1 NICKEL AND TECHNOLOGIES LIMITED PROVIDES CLARIFICATION
RESPECTING THE SHAREHOLDER MEETING TO BE HELD ON FEBRUARY 3,
2021
Toronto, Ontario (January 18, 2021) – Class 1 Nickel and Technologies Ltd. (CSE: NICO) ("Class
1" or the "Company") announces that the resolution to ratify the acts and proceedings of the Board
of Directors described in the Information Circ ular of the Company fo r the Annual and Special
Meeting of the shareholders to be held on February 3, 2021 will not be put to the shareholders for
approval. The resolution will be withdrawn at th e meeting because the Information Circular for
the meeting does not adequately set forth all of th e details related to the acts and proceedings of
the Directors in sufficient detail for a sharehol der to make an informed decision on the subject
matter of the resolution. For clarity, management of the Company has determined that there are no
acts or proceedings taken by the Board of Direct ors which requires approva l of the shareholders
in any event. This clarification to the Information Circular has b een made at the request of OSC
staff in connection with an OSC review of the disclosure record of the Company.
Class 1 Nickel and Technologies Limited (CSE: NICO) is a mineral resource company focused
on the development of its 100% owned Alexo-Dundonald Project, a portfolio of komatiite hosted
magmatic nickel-copper-cobalt su lphide resources located near Timmins, Ontario, as well as
developing and exercising the opt ion over the Somanike komatiit e hosted nickel copper project
in Quebec, which includes the famous Marbridge Mine.
For more information, please contact:
Benjamin Cooper, President
T: 416.454.0166
For additional information please visit our new website at www.class1nickel.com and our
Twitter feed: @Class1Nickel.
This press release may include forward-lookin g information within the meaning of Canadian
securities legislation, concerning the business of the Company . Forward-looking information is
based on certain key expectations and assumptions made by the management of the Company.
Although the Company believes that the expectations and assumptions on which such forward-
looking information is based on are reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no assurance that they will prove to
be correct. Forward-looking statements contained in this press release are made as of the date of
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this press release. The Company disclaims any intent or obligatio n to update publicly any
forward-looking information, whether as a result of new information, future events or results or
otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or
accepted responsibility for the adequacy or accuracy of this press release.