Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here.
Toronto, Ontario–(Newsfile Corp. – August 15, 2022) – Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) (“Tartisan”, or the “Company”) announces its intention to initiate a normal course issuer bid (“ORCN“), pursuant to which the Company may purchase up to 5,446,125 common shares of the Company, representing approximately 5% of the issued and outstanding common shares of the Company.
Tartisan is initiating the “OPRCN” because the Company’s management believes that the underlying value of the Kenbridge Nickel Project, which has a mineral resource estimate and a preliminary economic assessment, as well as the assets of the Company as a whole, are not adequately reflected in the market price of Tartisan’s common stock. Tartisan Nickel Corp. believes that the repurchase of its common shares for cancellation represents an appropriate use of the Company’s financial resources and will enhance shareholder value.
The “OPRCA” is scheduled to begin on August 22, 2022 and end on August 21, 2023. All common shares purchased under the “OPRCN” will be purchased on the open market through the facilities of the Stock Exchange (the “CSE”) and/or alternative trading systems. All purchases made under the “OPRCA” will be made at the prevailing market price for the common shares at the time of purchase. The ordinary shares acquired by the Company under the “OPRCA” will be cancelled. Tartisan Nickel Corp. has appointed Independent Trading Group (ITG) Limited as broker to make the ‘NCIB’ purchases on its behalf.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian mining exploration and development company which owns; the Kenbridge Nickel project in northwestern Ontario, the Sill Lake lead-silver project in Sault St. Marie, Ontario, and the Don Pancho manganese-zinc-lead-silver project in Peru.
The common shares of Tartisan Nickel Corp. are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently there are 108,922,503 shares outstanding (120,218,018 fully diluted).
For more information, please contact Mark Appleby, President and CEO and Company Director, at 416-804-0280 ([email protected]). Additional information about Tartisan Nickel Corp. are available on the Company’s website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This press release may contain forward-looking statements, including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of title, potential mineral recovery, etc. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in these statements. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133909