Flying Nickel Enters Into an Amended and Restated Arrangement Agreement to Sell its Minago Assets
Press Release
VANCOUVER, British Columbia, September 18, 2024 – Flying Nickel Mining Corp. (TSX-V: FLYN; OTCQB: FLYNF) (the “Company” or “Flying Nickel”) is pleased to announce that, further to its press release dated August 21, 2024, Flying Nickel has entered into an amended and restated arrangement agreement (the “A&R Arrangement Agreement”) dated September 17, 2024 with Norway House Cree Nation (“NHCN”) and 10197729 Manitoba Inc., a wholly owned subsidiary of NHCN, (the “Purchaser”), pursuant to which Flying Nickel agreed to sell its Minago Nickel project and its related assets located in the Thompson Nickel Belt of Manitoba, Canada (the “Minago Assets”) to the Purchaser in consideration for $8,000,000 in cash and the surrender of 17,561,862 common shares in the capital of Flying Nickel (“Flying Nickel Shares“) held by NHCN (the “Transaction“), by way of a statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) (the “Arrangement”). The A&R Arrangement Agreement was executed to, among other things, clarify certain closing and transfer mechanics with respect to the Minago Assets.
Details of the Arrangement and the special meeting to approve the Arrangement will be set out in Flying Nickel’s management information circular and proxy statement which will be mailed to Flying Nickel shareholders. The meeting is scheduled to be held on October 21, 2024, at the offices of MLT Aikins LLP located at 2600-1066 W Hastings St., Vancouver, B.C., at 10:30 a.m. PT.
About Flying Nickel Mining Corp.
Flying Nickel is an exploration-stage mining company focused on vanadium and nickel resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States and a 100% interest in the Minago nickel project in the Thompson nickel belt in Manitoba, Canada.
Further information on Flying Nickel can be found at www.flynickel.com.
FLYING NICKEL MINING CORP.
ON BEHALF OF THE BOARD
John Lee
Chief Executive Officer
For more information about Flying Nickel, please contact:
Suite 1610 – 409 Granville Street
Vancouver, BC V6C 1T2
Phone: 1.877.664.2535 / 1.877.6NICKEL
Email: info@flynickel.com
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