Business
Quebec Nickel Corp. Announces Closing of the Second and Final Tranche of Its Previously Announced Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2021) - Quebec Nickel Corp. (CSE: QNI) (FSE: 7lB) ("Quebec Nickel Corp." or the "Company") is please
About this update from Aurbis Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 10, 2021) - Quebec Nickel Corp. (CSE: QNI) (FSE: 7lB) (\"Quebec Nickel Corp.\" or the \"Company\") is pleased to announce that it has completed the closing of a second and final tranche of its non-brokered private placement (the \"Second Tranche\") by issuing a total of: (i)300,000 units (each a \"Unit\"), at a price of $0.24 per Unit; (ii) 440,000 flow-through shares (each, a \"FT Share\"), at a price of $0.25 per FT Share; (iii) 3,193,873 Quebec flow-through shares (each, a \"Quebec FT Share\"), at a price of $0.26 per Quebec FT Share; and (iv) 4,761,400 Premium flow-through units (each a \"Premium FT Unit\") at a price of $0.42 per Premium FT Unit. The aggregate gross proceeds raised from the Second Tranche is $3,012,194.98. The securities issued in the private placement are subject to a four-month hold period expiring on March 11, 2022. 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 of the Company. Each Premium FT Share is comprised of one Common share that that qualifies as a \"flow-through share\" within the meaning of subsection 66(15) of the Income Tax Act (Canada), and one-half (1/2) of a Common Share purchase warrant of the Company. Each whole warrant issued as a component of the Units and Premium FT Units entitles the holder thereof to acquire one additional Common Share at a price of $0.32 for a period of two (2) years from the closing date (the \"Closing Date\") of the Second Tranche. The 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 purposes and will use the proceeds from the FT Shares, the Quebec FT Shares and the Premium FT Units to fund exploration work on its properties. As a result of the final closing of the private placement, including the first and second tranches, the Company issued a total of 27,407,496 Common Share for gross proceeds of $7,699,999.96. The issuances were comprised of : 4,166,650 Units, 10,444,000 FT Shares, 8,035,446 Quebec FT Shares and 4,761,400 Premium FT Units. Following the closing, there are 68,666,438 Common Shares issued and outstandin...