Conic Adds C$6.9 Million in Cash
Conic Metals Corp. (Conic or the Company) (TSXV: NKL) is pleased to announce that it has added C$6.9 million of cash to its balance sheet by, after approval of its independent board members, monetizing the 3.98 million shares that the Company owned in Giga Metals Corp. (Giga Shares).
- Conic Metals Corp. (Conic or the Company) (TSXV: NKL) is pleased to announce that it has added C$6.9 million of cash to its balance sheet by, after approval of its independent board members, monetizing the 3.98 million shares that the Company owned in Giga Metals Corp. (Giga Shares).
- Conic has significantly improved its balance sheet with the execution of this sale, stated Justin Cochrane, Conics President & CEO.
- Following the sale, the Company now has approximately US$8.2 million of consolidated cash.
- Conic holds an 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea which provides Conic with significant attributable nickel and cobalt production.