Power Nickel Inc.

TORONTO, ONTARIO--(Marketwired - Feb 3, 2015) - Chilean Metals Inc. ("Chilean Metals" or the "Company") (TSX VENTURE:CMX)(OTCQB:CMETF) - Chilean Metals has completed the acquisition of nine mining concessions totalling 724 hectares (1,789 acres) from Compañia Minera Casale, a company jointly owned by Chilean subsidiaries of Barrick Gold Corp. and Kinross Gold Corp., respectively, for the sum of US$50,000. In addition Chilean Metals is pleased to announce on February 2nd, 2015 the signing of a binding letter of intent with two private Chilean individuals pertaining to mining concessions totalling 600 hectares (1,483 acres) in the same area. Under the terms of the agreement, CMX will pay the vendors $50,000 cash and issue 600,000 shares o... [...]