Interim Board
The Shareholders re-elected
Auditor
The Shareholders approved the re-appointment of
Continuance
The Shareholders approved the continuance of the Company from
New By-Law No. 1
The Shareholders ratified and approved the adoption of By-Law No. 1 as the new general by-law of the Company to become effective upon the Continuance.
Board Size
The Shareholders authorized the Board of Directors of the Company to set, by directors' resolution, the size of the Board of Directors from time to time within the minimum and maximum number of directors to be set forth in the articles of continuance of the Company, to be effective upon the Continuance.
Resulting Issuer Board
The Shareholders elected
Name Change
The Shareholders authorized the Board of Directors to change the name of the Company to 'Premium Nickel Resources Ltd.', or such other name as may be determined by the Board of Directors of the Company, in conjunction with the closing of the proposed RTO Transaction.
Option Plan
The Shareholders authorized the amended stock option plan of the Company, to replace the existing stock option plan of the Company conditional and effective upon the closing of the proposed RTO Transaction.
Full particulars of the matters considered at the Meeting are described in the management information circular of NAN dated
Following the Meeting, the Board of Directors re-appointed
Completion of the RTO Transaction is subject to the satisfaction or waiver of several conditions precedent, including, but not limited to, receipt of the required approvals of (i) the
The common shares of the Company will remain halted pending the closing of the proposed RTO Transaction (if at all). An update on the resumption of trading of the common shares of the Company on the
About
The Maniitsoq property in
NAN acquired 100% ownership of property near the southern extent of the Lingman Lake Greenstone Belt in northwest
Contact:
Tel: +1 (604) 770-4334
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release includes 'forward-looking information' within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance and condition of the Company, including the timing and ability of the Company to complete the proposed RTO Transaction on terms announced (if at all). Forward-looking information includes, but is not limited to, statements about the future prospects of any assets or properties of the Company, the ability of the Company to successfully complete the proposed RTO Transaction on terms announced (if at all), the ability of the Company to access capital, any spending commitments, the results of the Company's exploration activities, the future economics of minerals including nickel and copper, the benefits of the development potential of the properties of the Company, the benefits of drilling and advancement of projects. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors, which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. 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, except as required by law. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended.
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