Business
Québec Nickel Announces Offering of up to $10 Million
VANCOUVER, British Columbia / Nov 24, 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 / Nov 24, 2022 / Business Wire / Québec Nickel Corp. (CSE: QNI) (“Québec Nickel Corp.” or the “Company”) is pleased to announce that it is arranging a private placement of: (i) up to $5 million of units (each, a “Unit”), at a price of $0.20 per Unit; and (ii) up to $2 million of flow-through shares (each, a “FT Share”), at a price of $0.24 per FT Share, and up to $3 million Québec flow-through shares (each, a “Québec FT Share”), at a price of $0.25 per Québec FT Share, for maximum aggregate gross proceeds of up to $10,000,000 (the “Offering”). The Offering is being led by EMD Financial Inc. Each Unit shall be 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 shall entitle 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 Offering. The FT Shares and Québec FT Shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada). The net proceeds from the issuance of the Units will be used for general working capital purposes. The gross proceeds from the issuance of the FT Shares and Québec FT Shares will be used for Canadian exploration expenses and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) and under section 359.1 of the Taxation Act (Québec) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2023 and renounced to the subscribers with an effective date no later than December 31, 2022 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares and Québec FT Shares, as the case may be. In addition, with respect to Québec resident subscribers of Québec FT Shares and who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726...