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Pure Nickel Inc. (V:NIC)

Business Focus: Gold

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Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for NIC within the last 6 months
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Company News

Dec 18, 2019 07:45 ET
Pure Nickel Announces Name Change to Galleon Gold Corp. and Provides Update on Amalgamation with Explor Resources
Toronto, Ontario--(Newsfile Corp. - December 18, 2019) -  Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") is pleased to announce that it has changed its name from "Pure Nickel Inc." to "Galleon Gold Corp." pursuant to the provisions of the Canada Business Corporations Act. The name change was approved by shareholders at the Company's annual and special meeting of shareholders held on December 11, 2019 and is effective as of December 18, 2019. The Company anticipates that it will begin trading under its new name on the TSX Venture Exchange and under the new symbol "GGO" at the opening of the market on December 20, 2019.
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Dec 16, 2019 07:00 ET
Pure Nickel Announces Flow-Through Financing
Toronto, Ontario--(Newsfile Corp. - December 16, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company" or "Pure Nickel") announces it intends to complete a flow through private placement ("Financing") of up to 25,000,000 units ("Unit") at a price of $0.08 per Unit for gross proceeds of up to $2,000,000. Each Unit consists of one common share ("Common Share") and one-half of one Common Share purchase warrant ("Warrant"), each Warrant entitling the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two years after closing. All securities issued in conjunction with the Financing are subject to a statutory four month hold period from the date of issue. Finders fees may be payable in connection with this private placement. 
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Valuation Ratios

Price to Sales - TTM
Price to Book - most recent quarter
Price to Cash Flow per share - TTM
Price to Free Cash Flow per share - TTM
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Short Report

DateNumber of Shares ShortedNet Change
Dec 15, 201911,3419,632
Nov 30, 20191,709-30,687
Nov 15, 201932,39616,338
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Business Summary

Sector:  Basic Materials Industry:  Gold

Galleon Gold Corp, formerly Pure Nickel Inc., is a gold exploration and development company. The Company is focused on developing two gold projects. Its projects include Neal Gold Project and West Cache Gold Project. The Neal Gold Project is located in Idaho and West Cache Gold Project is located approximately 13 km west of Timmins Ontario.

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