|By Marketwired .||
|July 10, 2014 09:25 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/10/14 -- North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP: 65704T 108) (the "Company") is pleased to report on the results of the Annual General Meeting (the "Meeting") of shareholders held on July 9, 2014.
The shareholders ratified and approved an amendment to the Company's Board of Directors to allow for a total of six members. Mark Fedikow, Doug Ford, Jim Clucas, Edward Ford, Gilbert Clark and John Roozendaal were re-elected as directors of the Company for the ensuing year. The shareholders also approved Dale Matheson Carr-Hilton LaBonte LLP to be re-appointed as auditors.
North American Nickel President and Interim CEO Mark Fedikow stated: "The renewed support for the Board of Directors from shareholders at today's Annual General Meeting bolsters our strategy to move forward with a corporate agenda that includes an aggressive nickel-copper-cobalt-PGM exploration program at our Maniitsoq property in Greenland. We will strive to deliver exceptional shareholder value through our exploration programs".
Following the AGM, the directors of the Company re-appointed Mark Fedikow President and Interim CEO; Neil Richardson COO, Cheryl Messier CFO and Secretary; and Doug Ford Non-Executive Chairman.
The Company would also like to announce that it has granted incentive stock options to certain employees and consultants of the Company to purchase 3,470,000 common shares in the capital of the Company pursuant to the Company's stock option plan. The options are exercisable, on or before July 09, 2019, at an exercise price of $0.62 per share.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt.
The Maniitsoq property in Greenland is a Camp scale project comprising 3,601 square km covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The greater than 75km-long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.
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.
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 Securities Act of 1933, 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
North American Nickel Inc.
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.
North American Nickel Inc.
Toll free: 1-866-816-0118
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