Power Nickel updates on asset spin-out, highlights concerns over market manipulation
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Power Nickel Inc is planning to spin out its Golden Ivan property and Chilean exploration assets to Chilean Metals Inc, with the arrangement expected to be completed by January 2025. The company also expressed concerns over market manipulation.
January 16, 2025 | 3:15 pm
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Power Nickel Inc is spinning out its Golden Ivan property and Chilean exploration assets to Chilean Metals Inc, with completion expected by January 2025. The company also raised concerns about market manipulation.
The spin-out of assets could potentially unlock value for Power Nickel Inc, but the impact on the stock price is uncertain due to the long timeline and concerns over market manipulation. The news is relevant as it involves significant asset restructuring.
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