CANICKEL MINING LIMITED ("CML")
BULLETIN TYPE: Property-Asset or Share Acquisition Agreement
BULLETIN DATE: August 3, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an ancillary investment made by Canickel Mining Limited ("Canickel") in a technology partnership in the amount of $10 million which investment was funded with a further advance from Canickel's controlling shareholder. The investment provides Canickel with a 50% interest in general units of the partnership and preferred units with paid-up value of $10 million.
The Exchange has been advised that the investment was approved by the shareholders of Canickel, excluding the votes of the controlling shareholder, at a meeting held on June 30, 2017.
The investment does not represent a change of business for Canickel which remains focused on keeping its previously producing Bucko nickel mine on care and maintenance awaiting better nickel prices.
Insider / Pro Group Participation: Nil.
For Further information, see Canickel's information circular filed on June 1, 2017 which is available under Canickel's profile on SEDAR.
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