| First Nickel Announces Appointment of Receiver | |
| | |
|
TORONTO, ONTARIO--(Marketwired - Aug 20, 2015) - First Nickel Inc. ("First Nickel", "FNI" or the "Corporation") (FNI.TO) announces that, effective August 20, 2015, with the agreement of the Corporation, on application by its principal secured lender, the Ontario Superior Court of Justice made an Order appointing KSV Kofman Inc. ("KSV" or the "Receiver") as the receiver of First Nickel Inc. under the Bankruptcy and Insolvency Act (Canada). The appointment of KSV follows extensive discussions between the Corporation and its secured lenders. As a result of the appointment of the Receiver, all of the directors of First Nickel have resigned and Mr. Boehlert has also resigned as President and Chief Executive Officer. All members of management of the Corporation have agreed to remain available to assist the Receiver. All inquiries about this matter should be directed to the Receiver. Court materials are available on the Receiver's website at www.ksvadvisory.com.
|
|
|
First Nickel Inc.
|
|
DEVELOPMENT STAGE |
CODE : FNI.TO |
ISIN : CA33582W1068 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
First Nickel is a nickel exploration company based in Canada. First Nickel develops nickel, cobalt, copper, gold, palladium, platinum and silver in Canada, and holds various exploration projects in Canada. Its main assets in development are LOCKERBY MINE and PREMIERE RIDGE in Canada and its main exploration properties are RAGLAN HILLS, LANDORE/ WEST GRAHAM, MORGAN-LUMSDEN, BELMONT PROJECT, WEST GRAHAM, FOY MOUTH, KAMISKOTIA and DUNDONALD in Canada. |