Canada Nickel to acquire Bannockburn Nickel Property from Grid Metals.

Canada Nickel, a nickel focused exploration company, agreed to acquire Bannockburn Nickel Property from Grid Metals, an exploration and development company. Financial terms were not disclosed. "The acquisition of Bannockburn is highly complementary to our southern cluster of properties at Sothman, Midlothian, and Powell. The Bannockburn "B" zone has already been successfully tested for 600 metres of its total 1.3 kilometre strike length with multiple intervals in excess of 0.3% nickel and has smaller, higher grade potential at other zones on the property. Historical mineral processing work confirmed presence of heazlewoodite, similar to Crawford, and the ability to generate a 35% nickel concentrate," Mark Selby, Canada Nickel Chairman and CEO.