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![]() | ![]() About the Kilometre 26 Sale Fort St. James Nickel Corp. (TSX-V: FTJ) has acquired a 100-per-cent interest in the Kilometre 26 property, located in the Omineca mining division, British Columbia, from Eastfield. As part of the deal, Fort St. James Nickel has issued to Eastfield 20,000,000 shares representing 30.12% of their issued and outstanding shares. These shares will distributed in their entirety to Eastfield shareholders, pro-rata in accordance with the number of common shares of Eastfield held by each Eastfield Shareholder. These shares are currently subject to a hold period of four months and one day until April 2, 2012, imposed by applicable securities legislation and the policies of the TSX Venture Exchange. The Payment Shares were issued at a deemed per share price of $0.10 from Fort St. James Nickel's treasury. Fort St. James Nickel is currently drilling at Kilometre 26. It is expected that up to 12 drill holes totaling 2,000 metres will be completed. Due to the relatively low elevation of the Kilometre 26 property and its excellent access, exploration programs can be carried out year-round. Kilometre 26 is accessed by an all-season arterial logging road. To find out more about Fort St. James Nickel go to their website. |
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