04:17 PM EST - Victory Nickel Inc. : announced that it has made an offer for all of the outstanding common shares of Independent Nickel Corp. Pursuant to the Offer, Independent Nickel shareholders will receive 1 Victory Nickel common share for each 1 Independent Nickel share. The Offer represents a premium of about 32% over the closing price of the Independent Nickel shares on the TSX on August 18, 2008. Victory Nickel Inc.
shares T.NI are trading unchanged at $0.33.
