Canada Nickel Company Inc V.CNC

Canada Nickel to Complete Option Transaction with Noble

[6t3manx]

https://www.newswire.ca/news-releases/canada-nickel-to-complete-option-transaction-with-noble-816093341.html

[Rejean1]

I could be wrong being a novice,,,,does this sound like we might be sitting on a possible endless huge resource and now evry one wants in ?

[islandjon]

Hoping that is the case.

[Rejean1]

And then again..can someone clarify?  ..... The Transaction options 39 additional mineral claims (the "Option") adjacent to the original MacDiarmid property option previously announced on July 13, 2020. In exchange for the Option, Canada Nickel has agreed to (i) issue 200,000 common shares of Canada Nickel to Noble, (ii) forgive the $160,224 amount

[minime123]

I agree Rejean1 that this is mumbo jumbo and might mix us.  i feel the same way when i read this, but to my understanding, Noble has claims in the vascinity of the McDarmids area that Canada Nickel wants to own or further explore.  Under this deal, Noble and Canada Nickel will explore, CNC will pay Noble to explore and if they strike a mine, they would form a joint venture for that newly

[Rejean1]

Thank You mimime123, That`s what I got out of it too. The  possible J/V would only apply to the optioned and new claims.