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
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
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:
President, CEO & Director
For further information contact:
Phone: 778-3274-5799 ext. 315
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.