Issued & Outstanding
29,211,290 Common Shares
TORONTO, July 25, 2012 /CNW/ - Nearctic Nickel Mines Inc. (the "Company") reports that the Application for Leave to appeal to the Supreme Court of Canada, the subject of the company's May 1, 2012 Press Release, has been denied. As a result Canadian Royalties Inc. is entitled to be vested in a further 10% interest in the Expo Ungava Property under the Option Agreement of January 12, 2001.
Caution Concerning Forward Looking Statements
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as may be required by applicable securities law, the Company disclaims any intention and assumes no obligations to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
SOURCE: Nearctic Nickel Mines Inc
For further information:
David L. Hynes - Director