Nickel 28 Announces Proposed Normal Course Issuer Bid and Adoption of Shareholder Capital Return Policy
Nickel 28 Announces Proposed Normal Course Issuer Bid and Adoption of Shareholder Capital Return Policy
Toronto, Ontario--(Newsfile Corp. - July 10, 2024) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company") is pleased to announce a proposed normal course issuer bid ("NCIB") to repurchase its common shares in connection with the adoption of a new shareholder capital return policy by the Company. In the opinion of management and the board of directors of the Company (the "Board"), the common shares have recently traded in a price range that represents a substantial discount to the Company's net asset value and does not reflect the underlying value of the Company.
資產28資本公司 (tsxv: NKL) (FSE:3JC0)很高興宣佈建議進行常規公司回購計劃 ("NCIB"),以回購其普通股,並推出新的股東資產回報政策。公司管理層和董事會 ("董事會") 認爲,普通股最近的交易價格範圍遠低於公司的淨資產價值,不反映公司的潛在價值。
"Using Nickel 28's excess liquidity to buy back common shares at their current trading price would be highly accretive to our net asset value per share," stated Christopher Wallace, Interim Chief Executive Officer of the Company. "Accordingly, the proposed purchase for cancellation of shares by Nickel 28 during these times will benefit the remaining shareholders by increasing their proportionate ownership in the Company," he continued.
"利用資產28現有的流動性,在當前交易價格回購普通股,將大大提高我們每股淨資產價值,"該公司的代理首席執行官克里斯托弗·華萊士表示。"因此,在這期間,資產28的普通股回購將有助於其他股東增加其在公司中的持股比例。"
The NCIB has been proposed in connection with the Board's adoption of a new shareholder capital return policy that articulates the Board's intended approach to the return of shareholder capital from free cash flow. A copy of this policy will be available on the Company's website at .
該回購計劃是董事會制定的一項新的股東資產回報政策的一部分,闡述了董事會的股東資產回報意向。該政策的副本將在公司網站上提供。
Nickel 28 has submitted a notice of intention to undertake the NCIB to the TSX Venture Exchange ("TSXV") in connection with the purchase by Nickel 28 of up to 7,153,629 of its common shares, representing approximately 7.9% of the 90,143,722 common shares comprising Nickel 28's total issued and outstanding common shares as of July 9, 2024, less the 4,965,222 common shares to be cancelled pursuant to the settlement agreement previously announced on June 18, 2024. All common shares purchased by Nickel 28 will be purchased on the open market through the facilities of the TSXV in accordance with the rules, regulations and policies of the TSXV and will be cancelled. The actual number of common shares which may be purchased, and the timing of such purchases, will be determined by Nickel 28. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors as determined by the Board from time to time. Nickel 28 intends to enter into an automatic purchase plan which will allow for the purchase for cancellation of common shares, subject to certain trading parameters, by its designated broker during times when Nickel 28 would ordinarily not be active in the market due to applicable securities regulatory restrictions or self-imposed blackout periods. Outside of these periods, the common shares will be repurchased by Nickel 28 at its discretion under the NCIB.
資產28已向 TSX 創業公司交易所 ("TSXV") 進行了NCIB的意向報告,以回購其最多 7,153,629 股普通股,相當於截至2024年7月9日塑造28個含常股總股本90,143,722股中的約7.9%股份 ,少於之前宣佈的6月18日協議的4,965,222股股份,將予以撤銷。資產28購買的所有常股股份都將根據TSXV的規則和政策通過交易所的公開市場購買並註銷。實際購買的普通股數量和時間將由資產28決定。購買決策將根據市場狀況、股價、可用現金的最佳利用和其他因素由董事會定期確定。資產28打算簽署自動購買計劃,允許其指定的經紀人在適用證券監管限制或自我實施停市期間資產28不活躍於市場時,按照規定的交易參數回購註銷常股股份。除此之外,資產28在自己的判斷下,將繼續進行回購計劃。
Nickel 28 has appointed Haywood Securities Inc. to administer the proposed NCIB on behalf of the Company.
資產28已委任Haywood Securities Inc代表公司管理NCIB。
The normal course issuer bid remains subject to the approval of the TSXV and will begin on the date that is two trading days after the TSXV's approval and will be open for a maximum period of 12 months. A further news release with additional details of the normal course issuer bid will be issued upon approval of the bid by the TSXV.
NCIB仍須獲得TSXV的批准,並將於TSXV批准後的兩個交易日內開始,最長持續12個月。在TSXV批准NCIB後,將發佈另一項新聞通訊稿,附有有關正常股份發行人競標的其他詳細信息。
About Nickel 28
此新聞稿包含一些構成《加拿大證券法》適用的“前瞻性聲明”和“前瞻性信息”的某些信息。本新聞稿中包含的任何不是歷史事實的聲明均有可能被視爲前瞻性聲明。本新聞稿中的前瞻性聲明經常通過諸如"可能"、"應該"、"預計"、"潛在"、"相信"、"打算"或這些詞的否定和類似的表達方式進行識別。在本新聞稿中包含的前瞻性聲明包括但不限於:與年度報告的時機和完成有關的前瞻性信息以及MCTO的持續時間。前瞻性聲明涉及已知風險和不確定因素,其中大部分超出公司的控制範圍。如果構成這些前瞻性聲明的潛在風險或不確定因素之一成爲現實,或者構成這些前瞻性聲明的假設被證明不正確,實際結果、表現或成就可能會因此有所不同,這些前瞻性聲明所表達的實際結果、表現或成就可能會因此有所不同。
Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 10 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.
本次發佈的前瞻性聲明均爲本次發佈日期(除非適用證券法規定外),除適用證券法規定外,該公司不承擔更新或修訂這些聲明的義務。本次發佈的前瞻性聲明受到本警示聲明的明確規定。
Cautionary Note Regarding Forward-Looking Statements
關於前瞻性聲明的謹慎說明
This news release contains certain information which constitutes 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements with respect to the proposed NCIB and related automatic share purchase plan (including relating to the number of common shares to be repurchased and receipt of TSXV approval); statements with respect to the net asset value of the Company; statements with respect to the Policy; and statements with respect to the business and assets of Nickel 28 and its strategy going forward. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company's control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.
此新聞發佈中包含某些信息,構成適用的加拿大證券法律下的 '前瞻性陳述' 和 '前瞻性信息'。本新聞發佈中包含的任何非歷史陳述可能被視爲前瞻性陳述。此新聞發佈中的前瞻性陳述通常使用像"可能"、"應該"、"預期"、"潛在"、"相信"、"意圖"或這些術語的否定及類似表達。本新聞發佈中的前瞻性陳述包括但不限於:就擬建議的NCIB及其相關的自動股份購買計劃(包括涉及回購的普通股數量和TSXV批准)的聲明;就公司淨資產價值的聲明;就該政策的聲明;和就塑造28和其未來策略的業務和資產的聲明。前瞻性陳述涉及已知和未知的風險和不確定性,其中大部分都超出了公司的控制範圍。如果構成這些前瞻性陳述的風險或不確定性之一出現,或構成前瞻性陳述的假設證明不正確,則實際結果、表現或成就可能會有所不同,超出了前瞻性陳述所明示或暗示的範圍。
The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.
本文中包含的前瞻性語句是截至本發佈日期所作,除非適用的證券法律要求,否則公司不承擔任何更新或修訂以反映新事件或情況的義務。本發佈中的前瞻性語句受到此警示性聲明的明確限制。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this news release.
TSX創業公司交易所及其監管服務提供者(如TSX創業公司政策中所定義的)不承擔此公告的充分性或準確性的責任。任何證券監管機構均未批准或未批准此新聞稿的內容。
Investor Relations Contact Information:
投資者關係聯繫信息:
Nickel 28 Investor Relations
Attn: Brett A. Richards, Advisor and Director
Tel: +1 905 449 1500
Email: info@nickel28.com
Nickel 28投資者關係
謹啓
顧問及董事
Brett A.Richards
電話:+1 905 449 1500
電子郵件:info@nickel28.com