Pure Nickel Reaches Final Settlement with CS Mining

Pure Nickel Inc. (TSX:NIC) reported it has signed a final settlement agreement with CS Mining with respect to litigation regarding a Utah mining district.

As quoted in the press release:

Terms of the agreement include:

Contractual Cash Payments from CS Mining to Pure Nickel – US$3.5 Million Within 12 Months

• Payment of US$1 million immediately upon signing – funds have been received;
• Payment of US$1 million 180 days after signing; and
• Payment of US$1.5 million 12 months after signing.

Click here to read the Pure Nickel Inc. (TSX:NIC)  press release.