CNC Announces Cutfield Freeman Project Debt AdvisorTORONTO, April 5, 2023 –
Canada Nickel Company Inc. (”Canada Nickel” or
“The Company”) (TSXV:CNC) (OTCQX:CNIKF) is pleased to announce the appointment of Cutfield Freeman & Co. (“Cutfield Freeman”) as project debt advisors and changes to the Canada Nickel Board of Directors (the “Board”).
Mark Selby, Chair and CEO said, “I am very pleased that we have engaged Cutfield Freeman, a leading global mining advisory firm, as project debt advisors. Cutfield Freeman, in conjunction with our previously appointed equity advisors, Deutsche Bank and Scotiabank, will assist the Company in putting together the overall financing package for the Company’s flagship Crawford Nickel Sulphide project as we continue advancing Crawford towards production.”
Mr. Selby continued, “I am also very pleased to announce that David Smith, a current member of our Board, will be assuming the role of Chairman, previously held by me. The splitting of the CEO and Chairman roles aligns with best corporate governance practices and is expected to become effective on
April 7, 2023. David, currently the EVP Finance and CFO at Agnico Eagle Mines Limited, has held several senior positions over the last 18 years as Agnico Eagle grew to become one of the leading global gold companies. He recently announced his retirement as of April 30 from Agnico Eagle and I look forward to working closely with David to help Canada Nickel become one of the leading global nickel companies. I would also like to thank Russell Starr, who is retiring from the board given other commitments, but remains committed to the success of Canada Nickel”.