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Canada Nickel Announces Closing of Brokered Private Placement for Gross Proceeds of C$13 Million and Provides Update on Additional Financings Bringing Aggregate Gross Proceeds from Private Placements to C$19.4 Million
Canada Nickel Announces Closing of Brokered Private Placement for Gross Proceeds of C$13 Million ...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n\n\n\n Canada Nickel Announces Closing of Brokered Private Placement for Gross Proceeds of C$13 Million and Provides Update on Additional Financings Bringing Aggregate Gross Proceeds from Private Placements to C$19.4 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 /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\n\n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n June 26, 2025\n \n\n /CNW/ -\n \n Canada Nickel Company Inc.\n \n (\"\n \n Canada Nickel\n \n \" or the \"\n \n Company\n \n \") (TSXV: CNC) is pleased to announce the closing of the Company's previously announced \"best efforts\" private placement (the \"\n \n Brokered Offering\n \n \") for gross proceeds of\n \n C$13,000,750\n \n , which includes the full exercise of the agent's option. Under the Brokered Offering, the Company sold 15,295,000 units of the Company (the \"\n \n Brokered Units\n \n \") at a price of\n \n C$0.85\n \n per Brokered Unit.\n \n\n Each Brokered Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder to purchase one common share of the Company at a price of\n \n C$1.20\n \n at any time on or before\n \n June 26, 2028\n \n .\n \n\n Red Cloud Securities Inc. and Scotiabank acted as co-lead agents and joint bookrunners, on behalf of a syndicate of agents that included Cormark Securities Inc. and Haywood Securities Inc. (collectively, the \"\n \n Agents\n \n \") in connection with the Brokered Offering. As consideration for their services in the Brokered Offering, the Agents received a cash commission of approximately\n \n C$649,527\n \n and were issued 764,148 non-transferable common share purchase warrants (the \"\n \n Broker Warrants\n \n \"). Each Broker Warrant is exercisable into one common share of the Company at a price of\n \n C$0.85\n \n per at any time on or before\n \n June 26, 2028\n \n .\n \n\n The Company ...