Vancouver - NINE MILE METALS LTD. (CSE: NINE) (the 'Company' or 'Nine Mile') is pleased to announce that the Company has completed the acquisition of mineral properties in Northeastern N.B., and a corporate name change from 'Stevens Gold Nevada Inc.' to 'Nine Mile Metals Ltd.'
The Company is also pleased to announce that is has appointed Patrick J. Cruickshank as a director.
Name and Symbol Change
The common shares of the Company commenced trading on the Canadian Securities Exchange ('CSE') under the new name and trading symbol 'NINE' on January 24, 2022. The Company's new CUSIP number is 65443J106 and the new ISIN number is CA65443J1066. Shareholders are not required to exchange their existing share certificates for new certificates bearing the Company's new name and Company shares held electronically in Direct Registration System will be booked automatically.
New Director
The Company is also pleased to announce the appointment of a new member to its board of directors, Mr. Patrick J. Cruickshank, effective January 24, 2022.
Mr. Cruickshank received his MBA from the Schulich School of Business at York University in 1989. Mr. Cruickshank brings over 20 years of experience from the Wealth Management Sector working for Merryll Lynch, Legg Mason, and Citigroup Capital Markets, where he focused on creating and protecting wealth while specializing in funding growth companies. Mr. Cruickshank was an NFLPA Advisor from 2000 to 2012, until transitioning into Private Equity. Since 2012, Mr. Cruickshank has concentrated on acquiring, funding and growing companies in the Energy and Resource Sector. Mr. Cruickshank has been the current CEO of Fiddlehead Mining Corp. since 2019 and serves as a director on a number of private companies. Mr. Cruickshank is also a former Canadian Olympic/U23 soccer player, US NCAA Division 1 Collegiate player and coach.
Completion of Mineral Property Acquisitions
The Company completed the acquisitions it previously announced on Nov. 28, 2021. The Company acquired from Fiddlehead Mining Corp. ('FMC') 100 per cent of the mineral claims known as Canoe Landing Lake West, 50 per cent of the mineral claims known as Nine Mile Brook and a mineral property option to acquire the remaining 50 per cent of the Nine Mile mineral claims. Canoe and Nine Mile are located in northeastern New Brunswick. The properties are subject to 3-per-cent net smelter royalties, as further described in the purchase and sale agreement.
Consideration for the mineral property assets was as follows: $25,000 and, 21 million post-consolidation common shares of the company.
Prior to completion of the transaction, the company completed a two-old-to-one-new share consolidation. Following completion of the transaction, the company has 42,918,728 shares issued and outstanding.
The consideration shares are subject to a four-month-and-a-day hold period.
About Nine Mile Metals Ltd.
Nine Mile Metals Ltd. is a mineral exploration company. Its primary business objective is to explore mineral properties.
Contact:
Charles MaLette
Tel: 604-428-5171
Email: info@ninemilemetals.com
Forward-Looking Information
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as 'will,' 'may,' 'would,' 'expect,' 'intend,' 'plan,' 'seek,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'continue,' 'likely,' 'could' and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that the Company will commence trading on the CSE and OTC under the new trading symbols on January 24, 2022. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
NINE MILE METALS LTD. 
