Nickel One Appoints New President & CEO and Elects Chairman
Vancouver, British Columbia - Nickel One Resources Inc. (the “Company”) (TSXV: NNN) - The board of Directors accepted Michael Collins resignation as President, CEO and Director effective March 22, 2016. The Company thanks Mr. Collins for his dedication to the Company and wishes him the best in his future endeavours.
As a result of Mr. Collins resignation, the Company is pleased to announce that, Mr. Vance Loeber has been appointed the new President & CEO and will fill the vacancy on the board as a Director effective March 23, 2016. Mr. Loeber has over 30 years of international finance experience and specializes in resource funding. Mr. Loeber was one of the founders of U.S. Silver Corp. (USA:TSX), Sandspring Resources Ltd. (SSP:TSXV) and Carlisle Goldfields Ltd. (CGJ:TSX).
The Company is also pleased to announce that Mr. Abraham Drost, M.Sc. P.Geo. was elected non-executive Chairman of the Board of Directors. Mr. Drost played a senior management role in a series of successful transactions including the sale of Premier Royalty Inc. (NSR:TSX) to Sandstorm Gold Ltd. (SSL:TSX) and the recent sale of Carlisle Goldfields Ltd. to Alamos Gold Inc. (AGI:TSX).
Grant of Options
On March 29, 2016 the Company granted 2,075,000 Options to certain Directors, Officers and Consultants of the Company. The Options are exercisable at a price of $0.15 per share for a period of five years from the date of grant. Options granted will vest in four equal installments over 12 months. The Options were granted pursuant to the Company's shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.
ON BEHALF OF THE BOARD:
“Vance Loeber”
President, CEO & Director
For further information contact:
Vance Loeber
Phone: 778-3274-5799 ext. 315
Fax: 778-327-6675
Email: info@nickeloneinc.com
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Nickel One Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.