MahinAgency
3 weeks ago
Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that the shareholders of Power Nickel (the "Shareholders") have approved the previously announced plan of arrangement (the "Arrangement") pursuant to which the Company's interest in the Golden Ivan property, along with certain Chilean exploration assets and liabilities, will be spun out to Power Nickel shareholders (the "Spin-Out") through the Shareholders receiving common shares in Chilean Metals Inc., a wholly owned subsidiary of the Company ("Spinco" or "Chilean Metals").