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Rock From The Road: Blog & Travelogue

Oct. 19, 2017 – The National Stone, Sand and Gravel Association (NSSGA) recently told the U.S. Army Corps of Engineers and Fish and Wildlife Service that unreasonable delays in the...

Prime-Time Products

EvoQuip launched a new addition to its impact crushing range: the Cobra 230 impact crusher. Matt Dickson, EvoQuip product line director, said, “The Cobra 230 Impact Crusher is a machine...
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Manufacturers in Focus

Boart Longyear announced the availability of My Drill Store, a new website for ordering drilling tools and parts online. Providing an intuitive online shopping experience, customers can now easily place...
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People on the Move

The Rogers Group Inc. (RGI) board of directors elected Richard R. Graves to the board. Graves is president and chief executive officer of Saulsbury Industries, which was established in 1967...
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Rock Stars

George Sidney of McLanahan Corp., was honored with the National Stone, Sand and Gravel Association's (NSSGA) Grasstops CEO of the Year award.
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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.