North American Nickel Appoints New Chief Financial Officer
May 22 2018 - 3:00AM
North American Nickel Inc. (TSX VENTURE:NAN)
(OTCBB:WSCRF)
(CUSIP: 65704T 108) (the "Company"
or “NAN”) is pleased to announce that it has appointed Sarah-Wenjia
Zhu as Chief Financial Officer of the Company.
Mrs. Zhu has over 15 years of financing and
accounting experience in the public and private equity market with
a focus on the Natural Resources sector. Formerly, she held the
position of Investment Manager with The Sentient Group. She holds a
bachelor’s degree in Accounting from Guangdong University of
Finance & Economics and an MBA from the John Molson Business
School of Concordia University. Prior to this Mrs. Zhu spent
six years on an audit and systems risk consulting business with
Deloitte China and gained her accounting qualification (CICPA)
before migrating to Canada in 2004. She is also a CFA charter
holder.
NAN CEO, Keith Morrison, commented: “I am very
pleased to welcome Sarah to NAN as our new CFO. Sarah brings a
combination of skills and experience that will add to both our
board and executive teams as we manage the continued growth of the
company.
I would like to thank Mr. Chris Hopkins for his
commitment and leadership as CFO for the Company and wish him the
best in the future.”
The Company has also granted incentive stock
options to certain officers and consultants of the Company to
purchase up to 700,000 common shares in the capital of the Company
pursuant to the Company's stock option plan. All options are
exercisable for a period of five years at an exercise price of
$0.12 per share.
About North American Nickel
North American Nickel is a mineral exploration
company with 100% owned properties in Maniitsoq, Greenland and
Sudbury, Ontario.
The Maniitsoq property in Greenland is a Camp
scale permitted exploration project comprising 2,985 square km
covering numerous high-grade nickel-copper + cobalt sulphide
occurrences associated with norite and other mafic-ultramafic
intrusions of the Greenland Norite Belt (GNB). The >75km-long
belt is situated along, and near, the southwest coast of Greenland
accessible from the existing Seqi deep water port with an all
year-round shipping season and hydroelectric power potential from a
quantified watershed.
The Post Creek/Halcyon property in Sudbury is
strategically located adjacent to the past producing Podolsky
copper-nickel-platinum group metal deposit of KGHM International
Ltd. The property lies along the extension of the Whistle Offset
dyke structure. Such geological structures host major Ni-Cu-PGM
deposits and producing mines within the Sudbury Camp.
Cautionary Note Regarding
Forward-looking Statements
This press release contains certain
“forward-looking statements” and “forward-looking information”
under applicable securities laws concerning the business,
operations and financial performance and condition of the Company.
Forward-looking statements and forward-looking information include,
but are not limited to, statements with respect to the timing and
completion of the Placement, and the availability of regulatory
approvals for the Placement. Except for statements of historical
fact relating to the Company, certain information contained herein
constitutes forward-looking statements. Forward-looking statements
are frequently characterized by words such as “plan,” “expect,”
“project,” “intend,” “believe,” “anticipate”, “estimate” and other
similar words, or statements that certain events or conditions
“may” or “will” occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made and are based on several assumptions and subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking statements. Many of these assumptions are
based on factors and events that are not within the control of the
Company and there is no assurance they will prove to be
correct.
Factors that could cause actual results to vary
materially from results anticipated by such forward-looking
statements include the inability to obtain regulatory approvals
required in relation to the Placement. The Company cautions that
the foregoing list of important factors is not exhaustive.
Investors and others who rely on forward-looking statements should
carefully consider the above factors as well as the uncertainties
they represent and the risk they entail. The Company believes that
the expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included in this press release should not be unduly relied upon.
These statements speak only as of the date of this press release.
The Company undertakes no obligation to update forward-looking
statements if circumstances or management’s estimates or opinions
should change except as required by applicable securities laws.
Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. Statements concerning mineral reserve and resource
estimates may also be deemed to constitute forward-looking
statements to the extent they involve estimates of the
mineralization that will be encountered if the property is
developed.
Statements about the Company's future
expectations and all other statements in this press release other
than historical facts are "forward looking statements" within the
meaning of Section 27A of the U.S. Securities Act, Section 21E of
the Securities Exchange Act of 1934 and as that term defined in the
Private Litigation Reform Act of 1995. The Company intends that
such forward-looking statements be subject to the safe harbours
created thereby. Since these statements involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from the expected results.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark FedikowPresidentNorth American Nickel
Inc.
For more information contact:
North American Nickel Inc.Jaclyn
RuptashCorporate Communications604-770-4334Toll free:
1-866-816-0118
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release.
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