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Canada Nickel Announces Closing of $51.6 Million Bought Deal Public Offering
Canada Nickel Announces Closing of $51.6 Million Bought Deal Public Offering Ca...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Announces Closing of $51.6 Million Bought Deal Public Offering\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 /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 5, 2022\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) (OTCQX: CNIKF) is pleased to announce that it has closed its previously-announced \"bought deal\" offering (the \"\n \n Offering\n \n \") for aggregate gross proceeds of\n \n C$51,554,156.70\n \n , which includes the exercise of the Underwriters' over-allotment option. Under the Offering, the Company sold the following:\n \n \n \n \n \n \n \n \n \n \n an aggregate of 10,440,050 common shares of the Company (the \"\n \n Common Shares\n \n \") at an issue price of\n \n $3.10\n \n per Common Share;\n \n \n an aggregate of 3,424,658 common shares of the Company that are issued as \"flow-through shares\" (the \"\n \n Traditional\n \n \n FT Shares\n \n \") within the meaning of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) at an issue price of\n \n $3.65\n \n per FT Share; and\n \n \n an aggregate of 1,500,000 common shares of the Company issued as \"flow-through shares\" (the \"\n \n Charity FT Shares\n \n \" and, together with the Traditional FT Shares, the \"\n \n FT Shares\n \n \") within the meaning of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) as part of a charitable donation arrangement at a price of\n \n $4.46\n \n per Charity FT Share.\n \n \n \n The Offering was completed pursuant to an underwriting agreement dated\n \n March 14, 2022\n \n entered into among the Company and a syndicate of underwriters led by Red Cloud Securities Inc., and including Clarksons Platou Securities SA, Scotia Capital Inc., BMO Nesbitt Burns Inc., Cormark Securities Inc., Echelon Wealth Partners Inc., Haywood Securities Inc., Research Capital Corporation (collec...