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Main | Pacific Coast Nickel Announces Adjournment of 2010 Annual and Special Meeting »
Friday
Dec172010
Pacific Coast Nickel Announces Changes to Management and Board of Directors
Friday, December 17, 2010 at 11:04AM
At the 2010 annual and special meeting of the shareholders as adjourned to today's date, four new Pacific Coast Nickel Corp. directors were elected, being John Lee, Greg Hall, Donald Gee and David Patterson. Murray McClaren and Jim Walchuk withdrew their nominations as directors to accommodate these changes. John Icke, Michael Sweatman and John Kerr will remain as directors of the company, and Mr. Walchuk will continue to act as chief executive officer of the company. Additionally, Mr. Lee was appointed as chairman of the company.

Mr. Lee is an entrepreneur, and the chief executive officer and chairman of Prophecy Resource Corp. Possessing degrees in economics and engineering from Rice University, Mr. Lee is a chartered financial analyst and sought-after speaker at major resource conferences, including Mines and Money, China Mining, Terrapinn, and Cambridge House.

Mr. Hall is an independent business adviser to the mining industry. For over 30 years, Mr. Hall has focused on significant international exploration, development and mining ventures, and all aspects of structuring and finance. He is a current director of Prophecy Resource Corp. and a former director of Silvercorp Metals Inc., China's largest primary silver producer. His previous positions include: director at Haywood Securities Inc., vice-president, Canaccord Capital Corporation, and senior vice-president of Leede Financial Markets Inc. He is a graduate of the Rotman School of Management, University of Toronto, SME Enterprise Board program and a member of the Institute of Corporate Directors.

Mr. Gee, CA, brings more than 30 years experience in finance and accounting with extensive experience in business start-ups, international business, and managing public resource companies and mining company joint ventures. As an entrepreneur, Mr. Gee was the successful founder of Gee & Company Chartered Accountants, a Vancouver-based public accounting firm. More recently, Mr. Gee has served as a key executive and director for several publicly listed resource companies. Mr. Gee is a member of the Canadian Institute of Chartered Accountants, the Society of Economic Geologists, and the Canadian Institute of Mining and Metallurgy. He holds a bachelor of science degree in geology from the University of British Columbia.

Mr. Patterson has been involved with exploration companies for over two decades. He has an MBA from Vancouver's Simon Fraser University. Mr. Patterson has an extensive European and North American network which has enabled him to raise in excess of $100-million for mineral exploration companies, including Donner Metals Ltd., for which he acts as chairman.

The company wishes to thank Mr. Walchuk and Mr. McClaren for the invaluable contributions to the company.

The company also advises that it has granted incentive stock options to directors of the company entitling them to purchase up to 1.75 million common shares of the capital stock in the company at a price of 14 cents per share until Dec. 13, 2015. The above is subject to regulatory approval.


und


PACIFIC COAST NICKEL CORP. ("NKL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 22, 2010
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for expedited filing documentation
pertaining to an Option Agreement dated November 7, 2010 between Pacific
Coast Nickel Corp. (the 'Company') and Marifil Mines Limited ('Marifil')
pursuant to which the Company can acquire up to a 70% interest in Las
Aguilas Property located in San Luis Province, Central Argentina. The earn-
in and consideration is staged as follows:

DATE CASH SHARES WORK EXPENDITURES

To earn a 49% interest

Upon Exchange acceptance $ 25,000 250,000 complete resource estimate
On or before April 1, 2012 $ 75,000 250,000 $ 500,000
On or before April 1, 2013 $100,000 250,000 $ 500,000
On or before April 1, 2014 $100,000 250,000 $1,000,000

To earn an additional 11% interest

On or before April 1, 2015 nil 2,000,000 complete pre-feasibility
study

To earn an additional 10% interest

On or before April 15, 2016 $100,000 1,000,000 complete feasibility study

In addition, there is a 3% net smelter return royalty granted to Marifil of
which 0.5% can be purchased for $1,000,000 and a further 0.5% can be
purchased at any time for an additional $2,000,000. The Company retains the
option of buying the remaining 30% interest for $5,000,000.

http://www.marketwire.com/press-release/TSX-Venture-Exchange…
 
aus der Diskussion: Nickel Creek Platinum -- ehem Wellgreen Platinum / Prophecy Platinum / Pacific Coast
Autor (Datum des Eintrages): melmac  (28.12.10 17:24:48)
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