TORONTO, June 28, 2012 /CNW/ - The Board of Pure Nickel Inc. (TSX: NIC) (the "Company") is pleased to announce the appointment of Thomas S. Kofman as a director. Mr. Kofman is Founder and Chairman of M Partners Inc., an independent full-service investment bank, which since its inception in 2005 has provided over $3.5 billion of financing to multiple sectors including mining. He has more than 25 years of experience in North American capital markets as both issuer and banker. Mr. Kofman, a Chartered Accountant with a Bachelor of Arts degree from York University, also serves as a director and chair of the audit committee of Urbanfund Corp (TSXV: UFC).
R. David Russell, Chairman Of the Board of Pure Nickel commented, "We are delighted to welcome Mr. Kofman to the Board of Pure Nickel. His capital market experience can only strengthen our board of directors."
Further, a director has been granted 100,000 options at an exercise price of $0.065 for a term of three years, vesting immediately. The options are subject to the terms and conditions of the Company's Stock Option Plan.
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of mineral exploration projects in North America. With approximately $5.5 million working capital, Pure Nickel is in a strong position to advance its property portfolio.
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Pure Nickel are forward-looking statements that involve various risks. The following are important factors that could cause Pure Nickel's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Pure Nickel undertakes no obligation to update such forward-looking statements if circumstances or management's estimates BT or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
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