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Class 1 Nickel Completes Acquisition Of Strategic Portfolio Of Mineral Claims In Ontario And Quebec

PRIVATEAug 31, 2021

Acquiring Company

Class 1 Nickel

Acquired Company

Laza Medical

CampbellBiotechnologySoftwareHealth CareArtificial IntelligenceMedicalMedical DeviceMachine LearningHealth Diagnostics

Description

Class 1 Nickel and Technologies Limited (CSE: NICO/ OTCQB: NICLF) (the “Company” or “Class 1 Nickel”) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) from Platinum Group Elements Limited (“PGEL”) of a strategic project portfolio of adjacent and adjoining claims to the Company’s Alexo Dundonald project in Timmins, Ontario, as well as adjacent and adjoining claims to the Company’s Somanike project in Quebec, and a complimentary primary PGE project in Sudbury Ontario (collectively, the “Properties”). The consideration for the Acquisition consisted of a cash payment of Cdn$550,000 and the issuance of an aggregate of 10,000,000 common shares of the Company (the “Consideration Shares”).

Quick answer

Class 1 Nickel is acquiring Laza Medical, announced August 31, 2021.

How much did Class 1 Nickel pay for Laza Medical?
The deal value was not disclosed.
What does Class 1 Nickel do?
Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a Mineral Resource Company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite hosted magmatic..
Where are Class 1 Nickel and Laza Medical based?
Laza Medical is based in Campbell, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Class 1 Nickel

About

Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a Mineral Resource Company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite hosted magmatic nickel-copper-cobalt sulphide Mineral Resources located near Timmins, Ontario. The Company also owns the Somanike komatiite-hosted nickel-copper sulphide property in Quebec, which includes the famous Marbridge Nickel Mine. For more information, please contact: David Fitch, President T: 011 +61 400.631.608 E: dfitch@class1nickel.com For additional information please visit our website at www.class1nickel.com and our Twitter feed: @Class1Nickel. Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release. Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks related to the satisfaction of all outstanding closing conditions for the completion of the Acquisition, the prospective nature of the Properties, currency risk, availability of capital, permitting and land title issues, the risks inherent in mineral exploration and development activities, and such other risk factors as are set forth in the Company’s continuous disclosure documents available on SEDAR from time to time. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company disclaims any obligation to update the forward-looking statements contained herein other than as required under applicable securities laws.

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Frequently asked

Who acquired Laza Medical?

Laza Medical was acquired by Class 1 Nickel. The deal was reported on August 31, 2021. Class 1 Nickel is privately held.

When did Class 1 Nickel acquire Laza Medical?

Class 1 Nickel's acquisition of Laza Medical was reported on August 31, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Laza Medical do?

Laza Medical is a privately held portfolio company of Shifamed, LLC., a highly specialized medical innovation hub founded by serial entrepreneur, Amr Salahieh. It is privately held, operating in Biotechnology, and is based in Campbell.

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