TORONTO, Oct. 9, 2013 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (TSX:NIC) (the "Company") reports that its common shares will commence trading on the TSX Venture Exchange ("TSX Venture") on October 10, 2013 under its same trading symbol, NIC. To ensure continued and seamless trading liquidity for the Company's shareholders the shares will be delisted from the Toronto Stock Exchange ("TSX") at the end of trading on October 9, 2013 and will commence trading on the TSX Venture at market open on October 10, 2013.
On May 7, 2013 the TSX issued a bulletin initiating a review of Pure Nickel with respect to continued listing criteria. The Company's market capital was below $3.0 million for 30 consecutive trading days, which triggered the delisting review. Pure Nickel currently meets all of the listing criteria save for the market capitalization requirement. In anticipation of the TSX's decision to delist, and given the resource market was not recovering over the summer months, the Company made use of the streamlined listing procedure for moving to the TSX Venture.
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a premium collection of properties in North America. The Company is currently active on its two Alaskan properties, MAN and Salt Chuck, as well as on the William Lake nickel project in Manitoba.
Forward Looking Statements
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 or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
CONTACT: CHF Investor Relations Cathy Hume T. (416) 868-1079 x 231 email@example.com www.chfir.com The Howard Group Jeff Walker T. (888) 221-0915 firstname.lastname@example.org www.howardgroupinc.com Pure Nickel Inc. David McPherson T. (416) 644-0066 email@example.com www.purenickel.comSource:Pure Nickel Inc.