Business
Québec Nickel Announces Closing of the First Tranche of Its Previously Announced Private Placement
VANCOUVER, British Columbia / Dec 09, 2022 / Business Wire / Québec Nickel Corp. (CSE: QNI) (“Québec Nickel Corp.” or the “Company”) is pleased to announce that
About this update from Aurbis Resources Corp.
[{"type":"text","content":"VANCOUVER, British Columbia / Dec 09, 2022 / Business Wire / Québec Nickel Corp. (CSE: QNI) (“Québec Nickel Corp.” or the “Company”) is pleased to announce that it has completed the closing of a first tranche of its brokered private placement (the “First Tranche”) by issuing a total of: (i) 9,575,000 units (each a “Unit”), at a price of $0.20 per Unit; (ii) 4,433,367 national flow-through shares (each, a “National FT Share”), at a price of $0.24 per National FT Share; and (iii) 10,612,000 Quebec flow-through shares (each, a “Quebec FT Share”), at a price of $0.25 per Quebec FT Share. The aggregate gross proceeds raised from the First Tranche is $5,632,008.08. All National FT Shares and QC FT Shares issued in the private placement are subject to a four-month hold period expiring on April 10, 2023. Of the Units issued, a total of 4,900,000 were issued pursuant to applicable prospectus exemptions in accordance with National Instrument 45-106 – Prospectus Exemptions or in Québec pursuant to Regulation 45-106 – respecting Prospectus Exemptions (collectively, “NI 45-106”) and are also subject to a four-month hold period expiring on April 10, 2023. The balance of 4,675,000 Units were issued to purchasers’ resident in all provinces of Canada, except Québec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). Each Unit is comprised of one common share (“Common Share”) in the capital of the Company and one-half (1/2) of a Common Share purchase warrant (“Warrant”) of the Company. Each whole Warrant entitles the holder thereof to acquire one additional Common Share at a price of $0.30 for a period of two (2) years from the closing date (the “Closing Date”) of the First Tranche. The National FT Shares and the Quebec FT Shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada). The Company will use the private placement proceeds from the Units for general working capital and exploration purposes and will use the proceeds from the National FT Shares and the Quebec FT Shares exclusively to fund exploration work on its properties located in the Province of Québec. The Company is pleased to have received support and participation from its existing shareholders in the private placement. David Patterson, CEO further acknowle...