OAKVILLE, ON, Dec. 6, 2024
/CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel
Creek" or the "Company") announces that it has received
conditional approval to list its common shares on the TSX Venture
Exchange (the "TSXV"). In connection with the TSXV listing,
the Company will voluntarily delist its common shares from the
Toronto Stock Exchange (the "TSX").
The Company's management and Board of Directors have determined
that this transition is in the best interests of Nickel Creek. In
arriving at this determination, the Company considered, among other
things, the costs associated with a TSX listing versus a TSXV
listing, its ability to continue to meet the continued listing
requirements of the TSX in the future, its current market
capitalization, the rules related to private placements and other
forms of financing available to TSXV-listed issuers and the general
suitability of a TSX listing versus a TSXV listing for an issuer
with the Company's current profile and focus on the exploration of
a mineral property.
"This shift to the TSXV allows Nickel Creek to focus on the
excellent exploration potential on the large land package at the
Nickel Shäw Project with both a nickel and copper focus" said CEO
Stuart Harshaw.
The Company expects to delist its common shares from the TSX on
or about December 20, 2024 and list
its common shares on the TSXV on or about December 23, 2024. The Company will remain a
"reporting issuer" under applicable Canadian securities laws
through the listing transition process. The Company will retain the
trading symbol "NCP" once listed on the TSXV and its shares
will continue to be quoted on the OTCQB under the symbol
"NCPCF". Shareholder approval is not required under the
policies of the TSX to proceed with the transition as the TSXV is
an acceptable alternative market. No action is required by
shareholders in connection with the transition of the Company's
listing to the TSXV.
The Company also announces that, effective December 4, 2024, Ms. Michele Darling resigned as a member of the
Board of Directors (the "Board"). Ms. Darling joined the
Board in 2015 and was instrumental in assisting the Company
navigate various issues since when she first joined the Board.
Myron Manternach, Chairman of
Nickel Creek commented: "On behalf of the company and shareholders,
I want to thank Michele for all of her valuable contributions to
Nickel Creek over the past 9 years. She has been an important
member of the Board, providing the Company and me with the benefit
of her vast experience. We wish her well."
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a
Canadian mining exploration and development company and its asset
is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a
large undeveloped nickel sulphide project in one of the most
favourable jurisdictions in the world, with a unique mix of metals
including copper, cobalt and platinum group metals. The Nickel Shäw
Project has exceptional access to infrastructure, located three
hours west of Whitehorse via the
paved Alaska Highway, which
further offers year-round access to deep-sea shipping ports in
southern Alaska.
The Company is led by a management team with a proven track
record of successful discovery, development, financing and
operation of large-scale projects. Our vision is to create value
for our shareholders by becoming a leading North American nickel,
copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be
deemed "forward-looking information". Forward-looking information
can generally be identified by the use of forward-looking
terminology such as "may", "will", "expect", "intend", "believe",
"continue", "plans" or similar terminology, or negative
connotations thereof. All information in this release, other than
information of historical facts, including, without limitation,
statements with respect to listing of the Company's common shares
on the TSXV and delisting of the Company's common shares from the
TSX, general future plans and objectives for the Company and the
Nickel Shäw Project, are forward-looking information that involve
various risks and uncertainties. Although the Company believes that
the expectations expressed in such forward-looking information are
based on reasonable assumptions, such expectations are not
guarantees of future performance and actual results or developments
may differ materially from those in the forward-looking
information.
For more information on the Company and the key assumptions,
risks and challenges with respect to the forward-looking
information discussed herein, and about our business in general,
investors should review the Company's most recently filed annual
information form, and other continuous disclosure filings which are
available at. Readers are cautioned not to place undue reliance on
forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
SOURCE Nickel Creek Platinum Corp.
