Tyler Mitchelson Resigns as CEO, Remains as a Director
TORONTO, Feb. 11, 2014 /CNW/ - Royal Nickel Corporation ("RNC") (TSX:
RNX) today announced Tyler Mitchelson, President & CEO of RNC, has
decided to leave RNC in order to take a position with Anglo American
Corporation. Mr. Mitchelson will remain as a Director of RNC.
"We thank Tyler for the four years he has led RNC and the significant
work he has done to advance the Dumont Nickel Project. We wish him well
in his new position," said Scott Hand, Executive Chairman of RNC.
Effective today, Mark Selby, SVP Business Development at RNC since 2010,
has been appointed Interim CEO. Mr. Selby possesses more than 20 years'
experience in finance and corporate development at resource companies,
including Inco Limited and Quadra Mining. Mr. Selby will be able to
call on Executive Chairman, Scott Hand as well as Directors Peter
Goudie and Peter Jones. Mr. Hand is the former Chairman & CEO of Inco
which was a major participant in the nickel industry before it was
acquired by Vale in 2007. Mr. Jones was President & COO of Inco and Mr.
Goudie was Executive Vice-President for Sales and Marketing for Inco
with extensive experience in Asia. Mr. Hand, Mr. Goudie and Mr. Jones
have been Directors of RNC since 2008.
"The Dumont Nickel Project is a world-class project that will be needed
to meet the growing global demand for nickel," said Mr. Hand. "I have
been involved in many mining projects over the course of my career and
the Dumont Nickel Project has been advanced in a very professional and
responsible manner. I have no doubt that it will be an excellent
participant in the nickel industry when it proceeds."
"I have valued my time as CEO of RNC. The company has an outstanding
team that has made substantial progress in taking the Dumont project
through the completion of the feasibility study last year. I wish the
RNC team well and I look forward to seeing RNC proceed with the
construction of the Dumont project," said Mr. Mitchelson.
"As we look forward, our priorities remain unchanged," said Mr. Hand.
"The two main objectives to be achieved by RNC during 2014 are the
arrangement of the financing package for the project and the completion
of the permitting process for the project which is already well
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily
on the acquisition, exploration, evaluation and development of base
metal and platinum group metal properties. RNC's principal asset is the
Dumont Nickel Project strategically located in the established Abitibi
mining camp, in the municipalities of Launay and Trécesson, 25
kilometres northwest of Amos, Quebec. RNC has a strong management team
and Board with over 100 years of mining experience in the nickel
business at Inco and Falconbridge. RNC's common shares trade on the TSX
under the symbol RNX.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including
without limitation statements relating to Dumont being needed to meet
the growing global demand for nickel and that RNC will be an excellent
participant in the nickel industry when the Dumont project proceeds.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual outcome,
events, results, performance or achievements of RNC to be materially
different from any future outcome, events, results, performance or
achievements expressed or implied by the forward-looking statements.
Factors that could affect the outcome include, among others: future
price of and demand for nickel, availability of alternative nickel
sources or substitutes, financing, the actual results of development
activities and general business and economic conditions. For a more
detailed discussion of such risks and other factors that could cause
actual results to differ materially from those expressed or implied by
such forward-looking statements, refer to RNC's filings with Canadian
securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could
cause actual outcome, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause outcome, events or results to differ from those anticipated,
estimated or intended. Forward-looking statements contained herein are
made as of the date of this news release and RNC disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by applicable securities laws.
SOURCE: Royal Nickel Corporation
For further information:
Director, Investor Relations
T: (416) 363-0649
Mélanie Corriveau (French contact)
Community Relations Coordinator
T: (819) 727-3777