09:47 AM EST - Pure Nickel Inc. : released its operating highlights and its financial results for the year ended November 30, 2011. (All dollar amounts herein are in Canadian funds unless otherwise indicated.) The Company's working capital at year end was strong at $5.5 million. The Company announced it had reached a final settlement on its Milford Utah copper properties; terms of the agreement included a cash payment of $3.5 million U.S. over 12 months, $1.0 million U.S. already received. In addition the Company was granted a 1% NSR (capped at $8.0 million U.S). Pure Nickel Inc.
shares T.NIC are trading even at $0.09.
