14:41:14 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Nunavik Nickel Mines Ltd
Symbol KZZ
Shares Issued 12,581,994
Close 2015-03-23 C$ 0.10
Market Cap C$ 1,258,199
Recent Sedar Documents

Nunavik's Boston Bulldog advance NSR provision removed

2015-03-27 12:42 ET - News Release

Mr. Glenn Mullan reports

NUNAVIK NICKEL MINES AMENDS TERMS OF THE OPTION OF THE BOSTON BULLDOG PROSPECT

The terms of the mining option agreement dated Feb. 16, 2015, pursuant to which Nunavik Nickel Mines Ltd. has been granted an option to acquire a 100-per-cent interest in the mineral claims comprising the Boston Bulldog prospect located in Kirkland Lake, Ont., subject to a 3-per-cent net smelter return royalty, have been amended, and the option has been assigned by Glenn J. Mullan to 2973090 Canada Inc., a private company, wholly owned and controlled by Mr. Mullan. Pursuant to an amendment to the mining option agreement made as of March 6, 2015, the parties to the mining option agreement have removed the provision requiring Nunavik Nickel to pay the optionor $10,000 per annum in advance royalty payments under the net smelter return royalty. Details with respect to this option were previously announced by Nunavik Nickel by news release on Feb. 19, 2015.

The optionor has advised Nunavik Nickel that previous exploration work on the property was completed in 1996, costing approximately $12,000.

The TSX Venture Exchange has issued its acceptance of the option and the issuance of 300,000 common shares in the capital of Nunavik Nickel to the optionor, subject to Nunavik Nickel filing final documentation with the exchange.

We seek Safe Harbor.

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