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Canada Nickel Announces $10.0 Million "Bought Deal" Private Placement of Flow Through Shares
Canada Nickel Announces $10.0 Million "Bought Deal" Private Placement of Flow Through Sha...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Announces $10.0 Million \"Bought Deal\" Private Placement of Flow Through Shares\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n July 6, 2021\n \n /CNW/ - Canada Nickel Company Inc. (\"\n \n Canada Nickel\n \n \" or the \"\n \n Company\n \n \") (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce it has entered into an agreement with Cantor Fitzgerald Canada Corporation and Echelon Wealth Partners as joint bookrunners and lead underwriters on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, on a \"bought deal\" private placement basis, flow-through common shares of the Company (the \"\n \n FT Shares\n \n \") at a price of\n \n $4.10\n \n per FT Share (the \"\n \n Issue Price\n \n \"), for total gross proceeds of\n \n $10 million\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n \n Mark Selby\n \n , Chair and CEO said\n \n , \"This financing allows us to remain well-funded through the end of the year and provides significant financial flexibility as we drive our successful exploration program forward and advance our discussions with potential strategic partners.\"\n \n \n \n The net proceeds from the sale of the FT Shares will be used to fund the exploration program through 2021 on the Company's wholly-owned Crawford Nickel Sulphide Project.\n \n \n The Offering is expected to close on or about\n \n July 27, 2021\n \n or such other date as the Company and the Underwriters may agree upon, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The FT Shares to be issued under the Offering will be subject to a hold period in\n \n Canada\n \n expiring four months and one day from the closing date   of the Offering. In connection with the Offering, the Underwriters will receive a cash commissio...