11:53 AM EST - Pure Nickel Inc. : reported a second quarter net loss of $500,000, compared to a net loss of $800,000 for the second quarter of 2008. The company reported that it was on track with its expectations and held $7 million of cash and cash equivalents at May 31, 2009, compared with $7.7 million at the previous fiscal year-end November 30, 2008. Pure Nickel announced that its board granted an aggregate of 200,000 stock options to consultants. The options have an exercise price of $0.265, a term of three years and are subject to the terms and conditions of the company's Stock Option Plan. Pure Nickel Inc.
shares T.NIC are trading even at $0.25.
