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Pure Nickel has opted to settle a debt of just under $75,000 by issuing over 1.49 million common shares at a price of $0.05 per share.
Pure Nickel (TSXV:NIC,OTC Pink:PNCKF) has opted to settle a debt of just under $75,000 by issuing over 1.49 million common shares at a price of $0.05 per share.
According to Pure Nickel, the transaction is taking place to conserve working capital. Additionally, the shares issued through this settlement will be subject to a four-month hold period that begins the day they are issued.