BB, sorry for NOT being a little more specific, but I've only had 2 hrs sleep since yesterday morning( Out Riding my CHOO CHOO train)
The following is part of the news release from NWI on Jan 08 2007
Pursuant to the Arrangement, Nuinsco's interest in the Minago, Mel and Lac Rocher sulphide nickel projects, together with cash in the estimated amount of $12 million, will be acquired by Victory Nickel. Each shareholder of Nuinsco will receive one new common share of Nuinsco and 0.75 common shares of Victory Nickel for each common share of Nuinsco held by such shareholder. Upon completion of the Arrangement, Nuinsco will continue to hold its non-nickel property interests, which include the Diabase Peninsula, Berta, Elmalaan, Cameron Lake and Prairie Lake projects and approximately 11% of the outstanding shares of Campbell Resources Inc. Nuinsco will also hold a 25% interest in Victory Nickel and certain other assets, including working capital to fund the continued exploration of the non-nickel properties.
NWI spun off their nickel property into a new company called Victory Nickel. When this first happened in early Feb I receieved one new share of Nuinsco plus 3/4 of a new Victory Nickel share for every Nuinsco share I had. It turned into a pretty good deal at the time, as I had held these shares for approx 7 years and they were in the 20 to 40 cent range the whole time. So I'm going on memory now so it may not be completely accurate but close.......The new NWI shares went to 80 cents and I believe the NI shares were approximately the same. So as you can see it was a nice little gain. If you look at NOT chart during this time frame it is amost idententical to NWI.
Hope this clarifies..helps
Tks RR