Pure Nickel to Settle Debt with Shares

Jul. 04, 2019 12:16PM PST

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.

Click here to read the full press release from Pure Nickel.