VANCOUVER, British Columbia, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Nickel One Resources Inc. (the “Company” or “Nickel One”) announces a proposed consolidation of its share capital on the basis of one (1) new common share without par value for every ten (10) existing common shares without par value (the “Share Consolidation”), so that the issued and outstanding common shares of the Company are altered from 51,730,553 common shares without par value to approximately 5,173,055 common shares without par value, subject to adjustment for any further share issuances made by the Company prior to the Share Consolidation being made effective. The Company does not intend to change its name in conjunction with the Share Consolidation. Management of the Company believes that the Share Consolidation will better position the Company to raise the funds it requires to finance its ongoing business activities including exploration of its properties as well as the acquisition of additional mineral properties.
Nickel One Resources Inc. Announces Proposed Share Consolidation and Provides Corporate UpdateÂ
Jan 23, 2019
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