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EV Nickel Inc. Files Final Prospectus for Initial Public Offering

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.TORONTO, ON / ACCESSWIRE / November 22, 2021…

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, ON / ACCESSWIRE / November 22, 2021 / EV Nickel Inc. (“EV Nickel” or the “Company“) is pleased to announce that on Friday, November 19, 2021, it obtained a receipt for a final prospectus (the “Final Prospectus“) from the securities regulatory authorities in each of the provinces of Canada except Québec, in connection with its initial public offering (the “Offering“) of units of the Company (the “Offered Units“) at a price of $0.75 per Offered Unit and common shares of the Company (the “Common Shares“) which will each qualify as a “flow-through share” as defined in subsection 66(15) of the Tax Act (as defined herein) (the “FT Shares“, together with the Offered Units, the “Offered Securities“), at a purchase price of $0.86‎ per FT Share, to raise minimum gross proceeds of $5,000,000 and maximum gross proceeds of $5,500,000.

The Offering is completed on a “commercially reasonable efforts” basis through a syndicate of agents led by Echelon Wealth Partners Inc., as lead agent and sole bookrunner, and including Stifel Nicolaus Canada Inc., Cormark Securities Inc. and Canaccord Genuity Corp. (collectively, the “Agents“).

The ‎Company has granted the Agents an over-allotment option (the “Over-Allotment Option“), ‎exercisable in whole or in part, at the sole discretion of the Agents, at any time and from time to time, ‎for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the ‎Offered Securities.

Dentons Canada LLP is acting as legal counsel to EV Nickel and Bayline Capital Partners Inc. is acting as Capital Market Advisors to EV Nickel.

Each Offered Unit will consist of one Common Share (an “Offered Share“) and ‎one Common Share purchase warrant of the Company (an “Offered Warrant“). ‎Each Offered Warrant will entitle the holder to purchase one Common Share (“Warrant Share“) at an exercise price of $1.05 per Warrant Share at any time for a period of 24 months following the closing of the Offering (the “Closing“). Each Offered Unit will separate into Common Shares and Offered Warrants immediately upon Closing.

EV Nickel is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario (the “Shaw Dome“). The Shaw Dome is home to its Langmuir project which includes W4, the basis of a 2010 historical estimate of 677K tonnes @ 1% Ni, ~15M lbs of Class 1 Nickel (the “Langmuir Project“). EV Nickel’s objective is to grow and advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric vehicle battery sector. EV Nickel has almost 9,100 hectares to explore across the Shaw Dome and has identified 30km of additional strike length.

The Company’s technical report on the Langmuir Project filed on SEDAR on May 25, 2021, entitled “Independent NI 43-101 Technical Report on the Langmuir Nickel Project” (the “Technical Report“) has been amended and refiled on November 16, 2021 in response to the review by the Ontario Securities Commission of the Company’s preliminary prospectus. The revised Technical Report has an effective date of July 25, 2021 and report date of August 5, 2021. The disclosure in the Final Prospectus relating to the Langmuir Project is based on the revised Technical Report. Copies of the Final Prospectus and Technical Report are available under the Company’s profile at www.sedar.com.

The Offering is expected to close on or about November 25, 2021 and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the “TSXV“).

Subject to fulfilling customary requirements, the TSXV conditionally approved the listing of the Common Shares (including the Offered Shares, FT Shares and the Warrant Shares) on the TSXV under the symbol “EVNI”.

Important Notice

The Final Prospectus contains important information relating to the Offered Securities and the Offering and has been filed with securities commissions or similar authorities in each of the provinces of Canada except Québec. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the Final Prospectus of the Company or other authorization is obtained from the securities commission or similar authority in such province or territory. Copies of the Final Prospectus may be obtained from one of the Agents or under the Company’s profile on SEDAR at www.sedar.com.

None of the Offered Units, Offered Shares, Offered Warrants, FT Shares, or Warrant Shares have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or the securities laws of any state of the United States. Accordingly, the Offered Units or FT Shares may not be offered, sold or delivered, directly or indirectly, in the United States or to United States persons unless registered under the U.S. Securities Act and applicable state securities laws, except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. Forward-looking information contained or referred to in this press release includes, but may not be limited to, the details of the Offering; completion of the Offering; the listing of the Common Shares on the TSXV; the use of the net proceeds of the Offering; and the business of EV Nickel.

Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to, negotiations with the Agents concerning the particulars of the Offering; inability to raise the money necessary to complete the Offering; the listing or other conditions imposed by the TSXV for the listing of the Common Shares; and other regulatory approvals required for the Closing of the Offering. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.

Contact Information

For further information, contact: Sean Samson, Chief Executive Officer at [email protected]

EV Nickel Inc.
200-150 King St. W,
Toronto, ON M5H 1J9
www.evnickel.com

SOURCE: EV Nickel Inc.

View source version on accesswire.com:
https://www.accesswire.com/674270/EV-Nickel-Inc-Files-Final-Prospectus-for-Initial-Public-Offering





Author: EV Nickel Inc.

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Trench Metals Receives 2021 Exploration Program Results at Gorilla Lake Uranium Project, Athabasca, Saskatchewan, Canada

 

Vancouver, Canada – TheNewswire – November 28th, 2021 – Trench Metals Corp. (the “Company”) (TSXV:TMC) (FWB: 33H2) announces it has received…

 

Vancouver, Canada – TheNewswire – November 28th, 2021Trench Metals Corp. (the “Company”) (TSXV:TMC) (FWB: 33H2) announces it has received the lab results from the Company’s recent exploration program on it’s wholly owned Gorilla Lake Uranium Project.  The Company is pleased to report that a vast number of anomalous uranium showings were identified during the duration of the program. These encouraging results have prompted the Company to engage the highly reputable geological analysis company named Exploration Facilitation Unlimited Inc. to add the results with it’s existing project data to update the modeling of the project.  The Company will use this modeling to establish it’s near-term continuation of exploration.  The Company will update shareholders as this modeling is completed.

Simon Cheng, Chief Executive Officer of the Company, commented “We are pleased with the results of our recent exploration program on the Company’s Gorilla Lake Uranium Project, and look forward to reviewing the updating modeling as we plan our continued exploration plans.  Trench Metals is pleased to be at the forefront of the green energy economy with it’s focus on uranium to fuel the green energy economy.”

Peter Born P.Geo., is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

About Trench Metals Corp

Trench Metals Corp. is a mineral exploration company. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.

Trench Metals Corp. has the right to earn a 100% interest in the Gorilla Lake Uranium Project. Gorilla Lake is located in the Cluff Lake area of Saskatchewan’s Athabasca Uranium district. The Athabasca District is home to the highest grade of uranium deposits in the world. It accounts for 18% of global uranium production. The Gorilla Lake Project comprises nearly 7000ha in the Northern Mining District of Saskatchewan near the Shea Creek uranium deposit.

For further information, contact the Company at [email protected], or visit the Company’s website at www.trenchmetals.com.

On behalf of the Board,

Trench Metals Corp.

Simon Cheng, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.  When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to modelling and exploration plans for the Gorilla Lake Uranium Project, and other factors or information.  Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

Copyright (c) 2021 TheNewswire – All rights reserved.



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Kirkland Lake Gold Announces Receipt of Notices for Investigation and Improvement by Environmental Protection Authority Victoria

TORONTO, Nov. 29, 2021 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today…

TORONTO, Nov. 29, 2021 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today reported that the Company has been advised by the Environmental Protection Authority (“EPA”) Victoria of the Victorian Government that the EPA has determined that low-level frequency noise (in the range of 16-20 Hz) is being emitted by the Fosterville Mine.

The EPA has provided the Company with a Notice to Investigate and an Improvement Notice focused on the low-level frequency noise which it believes is emanating from the mine. Included within the notices are stated timelines covering a period of just over two months for investigating and resolving the issue of low-frequency noise as well as reporting to the EPA on modifications introduced and new testing completed. In addition, the EPA has indicated to the Company that additional action may be taken by the EPA that could result in restrictions on the use of certain equipment, primarily surface ventilation fans and surface drill rigs in the south portion of the mining lease, during the night, while the remediation period is completed. The potential impact of such measures on the Fosterville operations, should they be introduced, is currently being investigated.

Management at Fosterville has been aware of concerns expressed by residents in recent months regarding low-level frequency noise and has taken steps to evaluate and address these concerns. As part of these efforts, Fosterville commissioned two independent studies on noise levels produced by the mine. The studies were completed by accredited noise and acoustic specialist firms based in Australia, with both studies concluding that all mine generated noise was within regulatory limits.

The Company is working with the EPA to better understand the grounds for the notices being issued and will take the necessary steps to ensure its operations are, and remain, in compliance with all relevant regulatory requirements.

ABOUT KIRKLAND LAKE GOLD LTD.

Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia that is targeting 1,300,000 – 1,400,000 ounces of production in 2021. The production profile of Kirkland Lake Gold is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold’s solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position, extensive management expertise and an overriding commitment to safe, responsible mining.

FOR FURTHER INFORMATION PLEASE CONTACT

Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: [email protected]

Mark Utting, Senior Vice-President, Investor Relations
Phone: +1 416-840-7884
E-mail: [email protected]

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information regarding: (i) anticipated impact associated with the notices received and the Company’s ability to resolve the issue within the time periods provided; (ii) the anticipated impact associated with further restrictions on the Fosterville Mine imposed by the EPA (iii) expectations regarding anticipated costs and production at the Fosterville Mine which may be further impacted by the restrictions imposed by the EPA; (iv) expectations regarding the Company’s ability to remediate and reduce further risks associated with the any current and future notices provided by the EPA on the timelines set out therein; and (v) expectations for other economic, business, and/or competitive factors.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Kirkland Lake Gold’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Fosterville Mine. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to modify certain activities undertaken at the Fosterville Gold Mine in compliance with the EPA notices received; the ability to reduce the low frequency noise during the timelines provided; the potential impact of the notices with respect to anticipated production at the Fosterville Gold Mine; the potential impact on the Company’s relationships with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation, including the Environmental Protection Act 2017 (Vic) and applicable regulations; and the diversion of management time with respect to the investigation required in response to the notices received. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold with the Canadian securities regulators, including Kirkland Lake Gold’s annual information form, financial statements and related MD&A for the financial year ended December 31, 2020, its interim financial reports and related MD&A for the period ended September 30, 2021 and its joint management information circular dated October 29, 2021 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com and www.sec.gov.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.



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Whitehorse Gold Appoints Gordon Neal as CEO and Director

Vancouver, British Columbia–(Newsfile Corp. – November 28, 2021) – Whitehorse Gold Corp. (TSXV: WHG) ("Whitehorse Gold" or the "Company") has appointed…

Vancouver, British Columbia–(Newsfile Corp. – November 28, 2021) – Whitehorse Gold Corp. (TSXV: WHG) (“Whitehorse Gold” or the “Company”) has appointed Gordon Neal as the CEO and a director of the Company.

Mr. Neal has extensive experience in the metals and mining sector, capital markets, and government communications. He was most recently the president of New Pacific Metals Corp., and was the former vice-president corporate development at Silvercorp Metals Inc. Prior to that, he held the vice-president corporate development position at Mag Silver Corp. Mr. Neal’s career also saw him working in the office of the Prime Minister of Canada as a senior communications adviser.

In connection with his appointment, the Company granted 500,000 stock options (the “Options”) to Mr. Neal pursuant to the terms of the Company’s stock option plan (the “Plan”). The Options are exercisable for a period of five years from the date of grant at price of $0.60 per share, being the closing price of the Company’s shares on the TSX Venture Exchange (the “TSXV”) on November 26, 2021. The Options vest in six equal tranches over a period of three years. The Options are subject to the provisions of the Plan and the policies of the TSXV.

ABOUT WHITEHORSE GOLD CORP.

Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Skukum Gold Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989).

On Behalf of Whitehorse Gold Corp.
signed “Mark Cruise”
Dr. Mark Cruise, Chairman

For further information please contact:
Steve Stakiw, Vice President – Corporate Affairs
Phone: 1-778-998-7356
Email: [email protected]
www.whitehorsegold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105401




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