/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR
DISSEMINATION IN THE UNITED STATES/
MONTREAL, June 19, 2013 /CNW Telbec/ - Sentient Executive GP IV, Limited
("Sentient IV") announces that, in connection with a private placement with North
American Nickel Inc. ("NAN"), it has acquired control over 6,257,987 units (the "Units") of NAN on June 19, 2013.
Each Unit is comprised of one common share in the capital of NAN (a "NAN Share") and one half common share purchase warrant of NAN (each whole common
share purchase warrant, a "NAN Warrant"). Each NAN Warrant entitles the holder thereof to acquire a NAN Share
at a price of $0.21 per share until June 18, 2015. As such, Sentient
IV acquired control over 6,257,987 NAN Shares and 3,128,993 NAN
Sentient IV has control over 36,552,399 NAN Shares (representing
approximately 29.92% of the outstanding NAN Shares) and the right to
acquire 18,276,199 NAN Shares through 18,276,199 common share purchase
warrants issued by NAN. In the event all of the 18,276,199 common
share purchase warrants issued by NAN are fully exercised, Sentient IV
would acquire control over a maximum of 54,828,598 NAN Shares
(including the 36,552,399 NAN Shares over which Sentient IV currently
has control). These combined holdings would represent approximately
39.04% of the outstanding NAN Shares, calculated on a partially diluted
basis assuming the full exercise of the 18,276,199 common share
purchase warrants issued by NAN held by Sentient IV only.
Sentient IV acquired the Units for investment purposes only and not with
a view to materially affecting control of NAN.
SOURCE: SENTIENT EXECUTIVE GP IV, LIMITED
For further information:
or to obtain a copy of the Early Warning Report filed by Sentient IV, please contact Sue Bjuro at (345) 946-0933.