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Message: Chinese Owners Sleeping?

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Chinese Owners Sleeping?

posted on Jun 09, 11 12:01AM

From Aug 2009 news release:

Jilin, China, is an integrated mining, smelting, refining and chemical production company. Jilin Jien now owns 49,721,786 Common Shares of Victory Nickel, 18.9% of the issued and outstanding Common Shares of Victory.

..."We have been following the developments of Victory Nickel for quite some time now, and are pleased to have acquired this equity investment," said Mr. Wang Xingrui, Vice-President of Jilin Jien. "Large-scale sulphide nickel deposits in premier mining regions are becoming increasingly difficult to find, but there is significant exploration upside present at Minago, as well as three other Canadian sulphide nickel deposits, Lynn Lake, Mel and Lac Rocher. We see Victory Nickel as an important part of our long term growth plan in nickel."

http://cnrp.marketwire.com/client/victory_nickel/n/release.jsp?actionFor=1025558&releaseSeq=10&year=2011

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