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Rock From The Road: Blog & Travelogue

May 1, 2018 – Rock Products would like to know a little bit more about energy needs at your aggregates operation. If you take our quick 10-Minute Survey, you will...

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The Volvo A45G full-suspension articulated hauler is purpose-built to deliver reliability and performance that is second to none, according to the company. When working in tough terrain, the A45G FS...

Prime-Time Products

Telsmith Inc. will exhibit at Hillhead 2018 in Buxton, England, June 26-28. The company is one of several Astec companies included in the lineup for the Astec Aggregates and Mining...
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Manufacturers in Focus

The Association of Equipment Manufacturers (AEM) presented Statistics Outstanding Merit Awards to 29 companies for their superior participation in AEM data reporting programs.
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People on the Move

Chaney Enterprises announced a new structure for the company’s sales department alongside two internal promotions that will provide even better customer service and aligns with the company's continued, strategic growth.
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Rock Stars

Megan Tanel, senior vice president exhibitions and events of the Association of Equipment Manufacturers (AEM), has earned Industry Icon honors from the Trade Show News Network (TSNN).
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Events

Distributor News

Meritor, Inc. announced the opening of its fourth North America aftermarket distribution facility − the Eastern Canada Regional Distribution Center in Mississauga, Ontario, to fulfill orders from warehouse distributors and dealers in seven provinces.
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Resource Center

 

Company Acquires Securities of Victory Nickel


Nuinsco Resources Limited has acquired beneficial ownership of 53,799,900 units of securities of Victory Nickel Inc. pursuant to Victory Nickel's previously announced Rights Offering.

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101- compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Québec, and by evaluating opportunities to expand its nickel asset base. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel is establishing a presence in the frac sand market prior to commencing frac sand production and sales from Minago

Nuinsco believes that this shareholding, together with its previous shareholding in Victory Nickel of 13,935,533 Common Shares, represents approximately 12.24 percent of the total issued and outstanding Common Shares based on an aggregate of 553,474,860 Common Shares issued and outstanding as of the date hereof as disclosed by Victory Nickel.

Nuinsco has acquired the Units, including the Common Shares, for investment purposes. Nuinsco's interest in Victory Nickel may be increased or decreased in the future in light of investment criteria, market conditions and other factors in accordance with the provisions of applicable securities legislation.

Additionally, pursuant to the terms of a previously announced amended and restated loan agreement between Victory Nickel and Nuinsco, the company expects to, in the future, acquire additional Common Shares in satisfaction of Victory Nickel's obligation to pay certain fees to Nuinsco subject to, and calculated and issued according to, the rules of the Toronto Stock Exchange.

Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada and internationally. In addition to its property holdings in Ontario, Saskatchewan and Turkey,

Nuinsco owns common shares in Coventry Resources Limited and Victory Nickel Inc., and a 50 percent interest in CBay Minerals Inc., a private company that is a dominant player in Quebec's Chibougamau mining camp with assets including a permitted mill and tailings facility, eight past-producing copper/gold mines and a 96,000-acre land position.