Business
Quebec Nickel Corp. Announces Upsize to Private Placement from $7 Million to $7.7 Million and the Appointment of David Gower as Technical Advisor
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Quebec Nickel Corp. (CSE: QNI) (FSE: 7lB) ("Quebec Nickel Corp." or the "Company") is pleased
About this update from Aurbis Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Quebec Nickel Corp. (CSE: QNI) (FSE: 7lB) (\"Quebec Nickel Corp.\" or the \"Company\") is pleased to announce that, further to its press release of October 20, 2021, and in order to accommodate a strategic institutional investor, it has upsized its non-brokered private placement from gross proceeds of $7,000,000 to up to $7,700,000. Accordingly, it is now arranging a private placement of: (i) up to $1 million of units (each, a \"Unit\"), at a price of $0.24 per Unit; and (ii) up to an aggregate of $6.7 million of (A) flow-through shares (each, a \"FT Share\"), at a price of $0.25 per FT Share, (B) Quebec flow-through shares (each, a \"Quebec FT Share\"), at a price of $0.26 per Quebec FT Share, and (C) premium flow-through units (each, a \"Premium FT Unit\"), at a price of $0.42 per Premium FT Unit, for aggregate gross proceeds of up to $7,700,000 (the \"Offering\"). The additional $700,000 is being allocated to the Premium FT Units. In addition, Quebec Nickel would like to announce the appointment of Mr. David Gower as the Company's technical advisor in respect of its Ducros nickel project. Mr. Gower, P. Geo, has over 20 years of experience in exploration with Falconbridge (now Xstrata / Glencore) most recently as Director of Global Nickel and PGM exploration. He was also a member of the Senior Operating Team for mining projects with Falconbridge. As a Nickel developer, David has led exploration teams that have made significant brownfield discoveries at Raglan, Sudbury, and Matagami, as well as major greenfield discoveries at Araguaia and Amazonas in Brazil, and Kabanga in Tanzania. David has held Executive and Director positions with several junior and midsize mining companies for the past 10 years. Currently David is CEO of Emerita Resources Corp., a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties with a primary focus on exploring in Spain. In consideration for Mr. Gower's appointment, the Company has issued 250,000 warrants, with each warrant entitling Mr. Gower to acquire one additional common share at a price of $0.35 for a period of two (2) years. David Patterson, CEO of Quebec Nickel, commented: \"We are excited that David Gower has agreed to join us as a technical advisor in order to assist...