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Canada Nickel Announces Closing of Anglo American Investment and Bought Deal Public Offering for Total Proceeds of C$44 Million
Canada Nickel Announces Closing of Anglo American Investment and Bought Deal Public Offering for ...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Announces Closing of Anglo American Investment and Bought Deal Public Offering for Total Proceeds of C$44 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 2, 2023\n \n \n /CNW/ -\n \n Canada Nickel Company Inc. (\"Canada Nickel\"\n \n or the\n \n \"Company\n \n \") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that it has closed its previously-announced investments from\n \n Anglo American\n \n for aggregate gross proceeds of\n \n C$26,154,294.71\n \n whereby\n \n Anglo American\n \n subscribed for (i) 12,569,235 common shares in the capital of  the Company (\"\n \n Common Shares\n \n \") at\n \n C$1.95\n \n per Common Share, and (ii) 952,623 Common Shares at\n \n C$1.77\n \n per Common Share (collectively, the \"\n \n Anglo American Investment\n \n \"). Upon completion of the Anglo American Investment,\n \n Anglo American\n \n will hold 9.9% of the issued and outstanding Common Shares.\n \n \n The Company also concurrently closed its \"bought deal\" prospectus offering (the \"\n \n Offering\n \n \") for aggregate gross proceeds of\n \n C$18,208,763\n \n . Under the Offering, the Company sold the following:\n \n \n \n an aggregate of 7,462,500 Common Shares at a price of\n \n C$1.77\n \n per Common Share; and\n \n \n \n \n an aggregate of 1,748,300 Common Shares issued as \"flow-through shares\" (the \"\n \n FT Shares\n \n \") within the meaning of\n \n the Income Tax Act\n \n (\n \n Canada\n \n ) at a price of\n \n C$2.86\n \n per FT Share.\n \n \n \n The Offering was completed pursuant to an underwriting agreement dated\n \n February 14, 2023\n \n , entered into among the Company and a syndicate of underwriters led by Scotiabank, as lead underwriter and sole bookrunner, and including Red Cloud Securities Inc., Cormark Securities Inc., Echelon Wealth Partners Inc., ...