TORONTO--(BUSINESS WIRE)--Sherritt International Corporation ("Sherritt†or the "Corporation†) (TSX:S) today announced that it has entered into a collaboration agreement (the "Agreement†) with Pala Assets Holdings Limited ("Pala†). Under the terms of the Agreement, Pala has withdrawn its requisition for a special meeting of shareholders, agreed to customary standstill and voting covenants, and Sherritt has made certain board and committee changes that will support the leadership transition and executio ...

Group 1 - The company proposes to settle approximately $63,250 in debt through the issuance of common shares at a deemed price of $0.10 per share [1] - Of the total liabilities, $25,000 is payable to a former officer for management services, while the remainder is payable to arm's length parties [1] - The completion of the debt settlement is subject to final documentation and approval from the TSX Venture Exchange [1] Group 2 - Giga Metals Corporation's core asset is the Turnagain Project, which contains significant undeveloped sulphide nickel and cobalt resources [2] - The Turnagain Project is held in Hard Creek Nickel, a joint subsidiary of Giga Metals Corporation and Mitsubishi Corporation [2] - A Pre-Feasibility Study for the Turnagain Project was released in October 2023 [2]