Continental Nickel Reports Grant of Stock Options
15 June 2011 - 6:05AM
Marketwired
Continental Nickel Limited (TSX VENTURE: CNI) ("Continental" or the
"Company") announces the grant, pursuant to the Company's Stock
Option Plan and subject to any regulatory approvals, of 150,000
incentive stock options to officers at an exercise price of $1.40
per share with a term of five years.
About Continental Nickel Limited
Continental is focused on the exploration, discovery and
development of nickel sulphide deposits in geologically
prospective, but under-explored regions globally. The Company's key
asset is its 75% interest in the Nachingwea project in Tanzania,
where Mineral Resources (Measured and Indicated) have been
estimated at 60,900 tonnes of contained nickel, and an additional
131,000 tonnes of contained nickel in Inferred Mineral Resources.
See Continental press release of April 15, 2011. The project is a
75:25 exploration joint venture between the Company and IMX.
The Company also has an option to joint venture on the St.
Stephen project in New Brunswick, Canada where the 2010 diamond
drill program discovered new Ni-Cu sulphide zones.
As at the date of this release, the Company has 42,702,508
common shares issued and outstanding (50,281,914 on a fully-diluted
basis) and trades on the TSX Venture Exchange under the symbol CNI.
The Company remains well funded with over C$8.7 million in the
treasury as at March 31, 2011.
On behalf of Continental Nickel Limited
John Nitschke, Chairman and Acting CEO
CAUTIONARY STATEMENT: This News Release includes certain
"forward-looking statements". All statements other than statements
of historical fact included in this release including, without
limitation, statements regarding potential mineralization,
potential or estimated metal recoveries, resources and reserves,
exploration results, future plans and objectives of Continental
Nickel Limited, is forward-looking information that involves
various risks and uncertainties. There can be no assurance that
such information will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such information. Important factors that could cause actual results
to differ materially from Continental Nickel Limited's expectations
are the risks detailed herein and from time to time in the filings
made by Continental Nickel Limited with securities regulators.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
Contacts: Continental Nickel Limited John Nitschke Chairman and
Acting CEO (905) 334-4309 (905) 815-0532 (FAX)
info@continentalnickel.com www.continentalnickel.com
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