TORONTO,
Dec. 4, 2014 /CNW/ - Royal Nickel
Corporation ("RNC") (TSX: RNX) announced today that its CFO,
Fraser Sinclair, is leaving RNC
effective December 31, 2014.
Tim Hollaar will
be appointed the new CFO of RNC effective January 1, 2015. Mr. Hollaar has more than 20
years' experience in finance positions in the mining industry, and
has extensive experience with several different nickel
companies.
Mr. Hollaar will join RNC from North American
Palladium Ltd. ("NAP"). Prior to being the Corporate Controller at
NAP, he held a number of senior finance and marketing positions at
RNC, Norilsk Nickel International, Vale Inco Limited, BHP Billiton
and WMC Resources Marketing. Mr. Hollaar is a Chartered
Professional Accountant and has a B.A. in Business Administration
from Dordt College in Iowa.
"We thank Fraser for his years of service as CFO,
during which time he made many significant contributions, including
helping to lead RNC through its successful IPO in 2010 and creating
RNC's public company reporting and regulatory compliance functions.
We wish him well in his future endeavours," said Mark Selby, President & CEO of RNC. Mr.
Selby continued, "I am pleased to welcome Tim Hollaar back to the RNC team. RNC will
benefit from the depth of his expertise in the area of mining
finance, particularly in the nickel industry, as we look toward to
advancing our core Dumont Nickel Project and our exploration
interests in the West Raglan and Aer-Kidd projects."
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource
company focused primarily on the acquisition, exploration,
evaluation and development of base metal and platinum group metal
properties. RNC's principal asset is the Dumont Nickel Project
strategically located in the established Abitibi mining camp, in
the municipalities of Launay and
Trécesson, 25 kilometres northwest of Amos, Quebec. RNC also owns interests in two
advanced stage nickel exploration properties: the Aer-Kidd project
near Sudbury, Ontario and the West
Raglan project in northern Quebec.
RNC has a strong management team and Board with over 100 years of
mining experience in the nickel business at Inco and Falconbridge. RNC's common shares and warrants
trade on the TSX under the symbols RNX and RNX.WT.
Cautionary Statements Concerning
Forward-Looking Statements
This news release contains "forward-looking
information" including without limitation statements relating to
RNC's ability to advance its Dumont Nickel Project and its
exploration interests. Readers should not place undue reliance on
forward-looking statements.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of RNC to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. There are
no assurances that Dumont, or any
of RNC's other property interests, will be placed into production.
Factors that could affect the outcome include, among others: the
inability to raise the funds necessary to achieve the milestones or
complete development of Dumont and inability to raise the funds
necessary to advance exploration activities; the actual results of
development activities at Dumont
and exploration activities at Aer-Kidd and West Raglan; project
delays; general business, economic, competitive, political and
social uncertainties; future prices of metals; availability of
alternative nickel sources or substitutes; actual nickel recovery;
conclusions of economic evaluations; changes in project parameters
as plans continue to be refined; accidents, labour disputes and
other risks of the mining industry; political instability,
terrorism, insurrection or war; delays in obtaining governmental
approvals, necessary permitting or in the completion of development
or construction activities. For a more detailed discussion of such
risks and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements, refer to RNC's filings with Canadian securities
regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated,
estimated or intended. Forward-looking statements contained herein
are made as of the date of this news release and RNC disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by applicable securities laws.
SOURCE Royal Nickel Corporation