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Rock From The Road: Blog & Travelogue

April 21, 2017 – The National Stone, Sand and Gravel Association (NSSGA) celebrated 25 years of the Young Leaders Annual Meeting at Wild Horse Pass in Chandler, Ariz. Industry professionals...
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Prime-Time Products

ASGCO added a semi-ceramic option to their pulley lagging product line, featuring 40 percent coverage. With this newest addition, customers have a choice between full-ceramic coverage with the Arrowhead Ceramic...
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Manufacturers in Focus

The Association of Equipment Manufacturers (AEM) presented Statistics Outstanding Merit Awards to 36 companies for their exemplary performance in AEM data reporting programs.
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People on the Move

JCB announced the appointment of Richard Fox-Marrs as president and CEO of JCB Inc., responsible for JCB operations in North America, including sales and support for the construction, agricultural, rental,...
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Rock Stars

Douglas D. R. Palmore, senior vice president of customer and technical services at Luck Companies, was named the 2017 recipient of the Barry K. Wendt Memorial Commitment Award from the...
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Distributor News

CASE Construction Equipment dealer OCT Equipment donated the use of a compact track loader and excavator to Team Rubiconfor the free demolition of a Korean War veteran’s house that was deemed uninhabitable. The initiative is led by Honoring America’s Warriors...
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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.