OAKVILLE, ON, Aug. 15, 2024 – Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) (“Nickel Creek” or the “Company”) has received approval from the Toronto Stock Exchange (the “TSX”) and its Board of Directors has approved the consolidation of the issued and outstanding common shares of the Company. This consolidation was approved by shareholders at the annual general and special meeting held on June 25, 2024. The consolidation will be on the basis of one (1) new common share (a “Post-Consolidation Common Share”) for every 100 pre-consolidation outstanding common shares and will be effective on August 19, 2024 (the “Effective Date”). The Company’s name and trading symbols will remain unchanged.
For more detailed information on the Consolidation, interested parties can refer to the management information circular dated May 8, 2024 available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
After the Consolidation, the number of outstanding common shares (“Common Shares”) will be reduced from 508,461,951 Common Shares to approximately 5,084,617 Post-Consolidation Common Shares. In cases where a shareholder would be entitled to receive a fractional Common Share as a result of the Consolidation, adjustments will be made accordingly.
Computershare Investor Services Inc. will act as the exchange agent for the Consolidation. Registered shareholders will receive a letter of transmittal from Computershare with instructions on how to surrender their share certificates. Non-registered shareholders should contact their intermediary for information on how the Consolidation will be processed.
Following the Consolidation, the Company’s new CUSIP number for its Post-Consolidation Shares will be 65389F407 and the new ISIN will be CA65389F4078. The exercise price and number of Post-Consolidation Shares issuable upon the exercise of outstanding securities convertible into Post-Consolidation Shares will be adjusted accordingly.
Nickel Creek Platinum Corp. is a Canadian mining exploration and development company with its flagship asset being the 100%-owned Nickel Shäw Project located in the Yukon, Canada. The Company aims to become a leading North American nickel, copper, cobalt, and PGM producer.
This news release contains forward-looking information that involves risks and uncertainties. Investors are advised to review the Company’s continuous disclosure filings available at www.sedarplus.ca for more information on the Company and the risks associated with the forward-looking information presented here.
SOURCE Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. Contact: Stuart Harshaw, President & Chief Executive Officer, 1-416-304-9318, [email protected]
