Pacific Coast Nickel Completes Acquisition of Nickel Assets

Pacific Coast Nickel Corp. (TSXV:NKL,PINK:PNIKF,FRAN:P94) reports it purchased nickel properties from Prophecy Resource Corp (TSXV:PCY).

The press release is quoted as saying,

Pursuant to the Transaction, the Company issued 450,000,000 of its common shares to Prophecy Resource Corp. (“Prophecy”). Prophecy retained 225,000,000 of these shares and will distribute 180,823,575 PCNC common shares to Prophecy shareholders as of today’s date and reserve 44,176,425 common shares for distribution to holders of Prophecy options and warrants, upon the exercise of such options and warrants.

For the complete press release, click here.