TORONTO, July 18 2022 (GLOBE NEWSWIRE) — Class 1 Nickel and Technologies Ltd. (CSE: NICO/OTCQB: NICLF) (“Class 1 Nickel” or the “Company”) is pleased to announce that it is offering to complete a private placement through a broker (the “Private Placement ) of up to 4,000,000 common shares of the Company at a price of CA$0.25 per share to raise aggregate gross proceeds of up to CA$1,000,000. Mr. David Fitch, President of the Company, has agreed to fully fund the private placement, which remains subject to obtaining all regulatory approvals.
About Class 1 Nickel
Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a mineral resource company focused on the development of its wholly owned Alexo-Dundonald property, a portfolio of magmatic nickel-copper-cobalt sulphide mineral resources hosted in komatiites located near the city of Timmins, Ontario. The Company also owns the Somanike komatiite-hosted nickel-copper sulphide property in Quebec, which includes the well-known Marbridge nickel mine, as well as other property interests.
For more information please contact:
David Fitch, President
Such. : +61 400.631.608
E : [email protected]
For more information, please visit our website at www.class1nickel.com and our Twitter feed: @Class1Nickel.
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements – Certain information in this press release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks relating to the forward-looking nature of the Company’s real estate interests. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Class 1 Nickel’s control, including with respect to obtaining all permits and licenses, environmental matters, results of exploration activities, increased costs, delays caused by the COVID-19 pandemic, receipt of regulatory approvals, completion of the Private Placement as currently proposed or not at all, and availability of capital. Readers are cautioned that the assumptions used in the preparation of this information, while believed to be reasonable at the time of preparation, may prove to be imprecise and, accordingly, undue reliance should not be placed on any forward-looking statements.