TORONTO, Jan. 29, 2021 /CNW/ - Canada Nickel Company
Inc. ("Canada Nickel" or the "Company") (TSXV: CNC)
(OTCQB: CNIKF) is pleased to announce the results of its annual and
special meeting of shareholders of the Company (the
"Shareholders") held today.
Each of the nominee directors listed in the Company's management
information circular dated December
29th, 2020 (the "Circular"), being
Mark Selby, Mike Cox, Jennifer
Morais, Francisca Quinn,
Kulvir Singh Gill, David Smith and Russell
Starr, were elected as directors. John Leddy has retired as a director, but
continues to support the Company's continued development in an
advisory role.
The resolution to appoint MNP LLP as auditors of the Company to
hold office until the next meeting of shareholders and to authorize
the directors to fix the remuneration to be paid to the auditors
was also approved.
The resolutions approving: (i) the share option plan of the
Company (the "Share Option Plan"); (ii) a grant of options
under the Share Option Plan; (iii) an amendment to the Share Option
Plan; (iv) the restricted share unit plan of the Company (the
"RSU Plan"); (v) a grant of RSUs under the RSU Plan; and
(vi) an amendment to the RSU Plan, all as more particularly
described in the Circular, received the requisite approvals of the
Shareholders.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of
nickel-cobalt sulphide projects to deliver nickel and cobalt
required to feed the high growth electric vehicle and stainless
steel markets. Canada Nickel Company has applied in multiple
jurisdictions to trademark the terms NetZero NickelTM,
NetZero CobaltTM, NetZero IronTM and is
pursuing the development of processes to allow the production of
net zero carbon nickel, cobalt, and iron products. Canada Nickel
provides investors with leverage to nickel and cobalt in low
political risk jurisdictions. Canada Nickel is currently anchored
by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project
in the heart of the prolific Timmins-Cochrane mining camp.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward-looking information includes, but
is not limited to, drill results relating to the Crawford
Nickel-Cobalt Sulphide Project, the potential of the Crawford
Nickel-Cobalt Sulphide Project, timing of economic studies and
resource estimates, strategic plans, including future exploration
and development results, and corporate and technical objectives.
Forward-looking information is necessarily based upon a number of
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.
Factors that could affect the outcome include, among others: future
prices and the supply of metals, the future demand for
metals, the results of drilling, inability to raise the money
necessary to incur the expenditures required to retain and advance
the property, environmental liabilities (known and unknown),
general business, economic, competitive, political and social
uncertainties, results of exploration programs, risks of the mining
industry, delays in obtaining governmental approvals, failure to
obtain regulatory or shareholder approvals, and the impact of
COVID-19 related disruptions in relation to the Company's business
operations including upon its employees, suppliers, facilities and
other stakeholders. 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 press 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. Canada
Nickel 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.
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SOURCE Canada Nickel Company Inc.