Pure Nickel Responds to TSX Bulletin
TORONTO, May 7, 2013 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (TSX:NIC) provides
additional information on today's TSX bulletin initiating a review of Pure
Nickel with respect to continued listing criteria. Currently Pure Nickel meets
all criteria save for the market capitalization requirement. Pure Nickel has
been granted 120 days to comply with all requirements for continued listing
and the Company anticipates that it can demonstrate that it can meet the TSX
Pure Nickel continues to be in a strong financial and operational
position.The company currently has $1.6 million in cash and working capital
of $2.6 million. Drilling is scheduled to commence at the MAN Alaska property
in June. The program's budget of US$3.5 million is fully funded by Pure
Nickel's partner, ITOCHU Corporation of Japan.
About Pure Nickel Inc.
Pure Nickel is a TSX listed mineral exploration company in the business of
acquiring, exploring and developing mineral properties in Canada and the
United States, primarily those containing nickel, platinum group elements
(PGEs), copper, gold, silver and associated base and precious metals.Our
intention is to explore undeveloped properties with the expectation of
developing them to a level where an ore body is indicated or likely. The
Company is currently active on its two Alaskan properties, MAN and Salt
CONTACT: CHF Investor Relations
T. (416) 868-1079 x 231
The Howard Group
T. (888) 221-0915
Pure Nickel Inc.
T. (416) 644-0066
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