News Feed Item
Sudbury Platinum Corporation to Acquire 100% of Aer-Kidd Project
|By PR Newswire
|August 11, 2014 02:30 PM EDT
TORONTO, Aug. 11, 2014 /CNW/ - Royal Nickel Corporation ("RNC") (TSX:
RNX) is pleased to announce that Sudbury Platinum Corporation ("SPC"),
a private company in which RNC has an interest, plans to exercise its
Right of First Refusal to purchase CaNickel Mining Company Limited's
("CaNickel") 100% interest in the Aer-Kidd Project in Sudbury Ontario
for a cash payment of $1,250,000. By doing so, the Option and Joint
Venture Agreement currently in place between SPC and CaNickel dated
October 1, 2012 will be terminated.
"I am very excited that SPC has decided to purchase CaNickel's 100%
interest in the Aer-Kidd Project after identifying some very compelling
exploration targets. The acquisition will, when executed, simplify the
ownership structure from the current Option and JV arrangement and
simplify plans to advance the project. RNC continues to be enthusiastic
about Aer-Kidd's untested potential given its location on the
Worthington offset dyke between known high grade Ni-Cu-PGE resources at
the Totten mine (Vale) and the Victoria project (KGHM)," said Mark
Selby, President and CEO of Royal Nickel Corporation. "The exploration
activities at Aer-Kidd are being led by Scott McLean and the highly
skilled and experienced SPC management team, who has a track record of
consistent exploration success in the Sudbury Basin such as discovering
Glencore's Nickel Rim South mine."
SPC and Transition Metals Corp. (Transition) also announced that SPC has
closed a non-brokered private placement for gross proceeds of
$637,500. SPC issued 1,720,000 units and 830,000 flow through shares
each at a price of $0.25. Each unit consisted of one common share and
one common share purchase warrant entitling the holder to purchase an
additional common share in SPC at $0.45 for a period of eighteen
months. Transition Metals Corp. currently owns 57% of SPC and RNC owns
approximately 23% of SPC.
Aer-Kidd is a 280 hectare property covering approximately 1.4 kilometres
of the Worthington Offset (Worthington offset) Dyke located near
Worthington, Ontario in the Sudbury Basin area. Past production on the
Aer-Kidd property has come from numerous shallow underground and
surface workings (Howland Pit, Rosen and Robinson Deposits).
The Aer-Kidd property is located centrally between two significant known
resources also on the Worthington offset, Vale's Totten mine (10.1
million tonnes grading 1.5% Ni, 1.97% Cu, 4.8g/t PGM)1 and KGHM's Victoria project (14.5 million tonnes grading 2.5% Ni, 2.5%
Cu, 7.6 g/t PGM)2.
The disclosure of the technical information contained in this news
release has been approved by Alger St-Jean, P. Geo., Vice President
Exploration of RNC, and a Qualified Person under NI 43-101.
About Sudbury Platinum Corporation
SPC is a Canadian private corporation focused on exploring for nickel,
copper and platinum group metals in the Sudbury Area. SPC is evaluating
the Aer-Kidd Property, an advanced exploration property located on the
prospective Worthington Offset dyke in the heart of the Sudbury mining
camp. It also holds a 100% interest in the Owen Nickel Property.
Additional information regarding the company and its projects can be
found at www.sudburyplatinumcorp.com.
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily
on the acquisition, exploration, evaluation and development of base
metal and platinum group metal properties. RNC's principal asset is the
Dumont Nickel Project strategically located in the established Abitibi
mining camp, in the municipalities of Launay and Trécesson, 25
kilometres northwest of Amos, Quebec. RNC also owns interests in two
advanced stage nickel exploration properties: the Aer-Kidd project near
Sudbury, Ontario and the West Raglan project in northern Quebec. RNC
has a strong management team and Board with over 100 years of mining
experience in the nickel business at Inco and Falconbridge. RNC's
common shares and warrants trade on the TSX under the symbols RNX and
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including
without limitation statements relating to the upside and potential of
the Aer-Kidd property.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of drilling at Aer-Kidd; inability on the part of SPC to raise
the money necessary to incur the expenditures required to earn an
interest in the Aer-Kidd property; environmental liabilities (known and
unknown); general business, economic, competitive, political and social
uncertainties; accidents, labour disputes and other risks of the mining
industry; political instability, terrorism, insurrection or war; or
delays in obtaining governmental approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements, refer to RNC's filings with Canadian
securities regulators available on SEDAR at www.sedar.com.
Although RNC 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 to differ from those anticipated,
estimated or intended. Forward-looking statements contained herein are
made as of the date of this news release and RNC disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by applicable securities laws.
Information Concerning Aer Kidd and Neighbouring Properties:
Information concerning Aer-Kidd and neighbouring properties in this news
release is taken from sources, some of which are historical, that RNC
believes to be reliable, but RNC has not verified the information and
does not assume responsibility for such third party information.
1 Resource reported by Inco Limited in news release dated January 18,
2 Resource reported by KGHM in news release dated January 16, 2012
SOURCE Royal Nickel Corporation
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 24, 2016 08:00 AM EDT Reads: 3,803
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Aug. 24, 2016 08:00 AM EDT Reads: 1,791
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Aug. 24, 2016 07:45 AM EDT Reads: 2,046
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value.
In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 24, 2016 07:15 AM EDT Reads: 1,635
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications.
Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 24, 2016 07:15 AM EDT Reads: 1,775
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 24, 2016 07:00 AM EDT Reads: 1,723
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 24, 2016 05:00 AM EDT Reads: 2,046
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office.
Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Aug. 24, 2016 04:30 AM EDT Reads: 2,163
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 24, 2016 03:30 AM EDT Reads: 2,903
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Aug. 24, 2016 02:00 AM EDT Reads: 1,392
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved.
In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 24, 2016 01:45 AM EDT Reads: 1,255
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences.
In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 24, 2016 01:45 AM EDT Reads: 1,853
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years?
This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 24, 2016 01:00 AM EDT Reads: 1,577
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 24, 2016 12:45 AM EDT Reads: 2,053
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market.
In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 24, 2016 12:30 AM EDT Reads: 1,856