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Class 1 Nickel and Technologies Ltd.
Summary
| Project: | Alexo-Dundonald | |
|---|---|---|
| Deposit: | Alexo-Dundonald | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt-Gold-Platinum-Palladium | |
| Date: | 12/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-12-2019: Class 1 Nickel and Technologies Ltd. announces a Resource Estimation report for its Alexo-Dundonald deposit at the Alexo-Dundonald project. Technical report and resource estimate on project. CSA Global Pty Ltd (CSA Global), an ERM Company, has | |
| Resources: | ||
| CP/QP: | [Resources]: Eugene J. Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | CSA Global Pty Ltd (CSA Global), an ERM Company, has prepared this Technical Report on the AlexoDundonald Project (“the Project” or “the Property”), located in the Province of Ontario, at the request of Class 1 Nickel and Technologies Inc. formerly Lakefield Marketing Corp. (Lakefield or “the Company”), which is a reporting issuer in the province of Ontario. On 24 September 2019, the Company announced that it had completed a business combination with Legendary Ore Mining Corporation (Legendary) and owner of Alexo-Dundonald Project, by way of a “threecornered amalgamation”, resulting in the reverse takeover of the Company by Legendary’s shareholders. The Transaction was completed in accordance with the terms of an amalgamation agreement between the Company, Legendary and Bloom Retail Management Inc. (“Lakefield Subco”), a wholly owned subsidiary of the Company. On closing of the Transaction, Legendary amalgamated with Lakefield Subco to form a new corporation, which became a wholly owned subsidiary of the Company. In exchange for all the issued and outstanding common shares of Legendary, the Company issued 80 million common shares of the Company to the former Legendary shareholders. As a result, on closing, the former Legendary shareholders held approximately 89% of the 90,046,090 total outstanding shares of the Company. Immediately prior to the Transaction taking effect, the Company changed its name to “Class 1 Nickel and Technologies Inc.” | |
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