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Canada Nickel Announces Private Placement of Flow-Through Shares for Gross Proceeds of C$4.5 Million, Bringing Aggregate Gross Proceeds from Private Placements to C$17.5 Million
Canada Nickel Announces Private Placement of Flow-Through Shares for Gross Proceeds of C$4.5 Mill...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n\n\n\n Canada Nickel Announces Private Placement of Flow-Through Shares for Gross Proceeds of C$4.5 Million, Bringing Aggregate Gross Proceeds from Private Placements to C$17.5 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 TORONTO\n \n\n ,\n \n\n June 23, 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 a fully subscribed non-brokered private placement for the sale of 4,245,750 common shares of the Company that will qualify as \"flow-through shares\" (as defined in subsection 66(15) of the Income Tax Act (\n \n Canada\n \n )) (the \"\n \n FT Shares\n \n \") at a price of\n \n C$1.06\n \n per FT Share for gross proceeds of approximately\n \n C$4,500,000\n \n (the \"\n \n Flow-Through Offering\n \n \").\n \n\n\n\n\n\n\n\n\n The Company is also pleased to announce that the Company's previously announced \"best efforts\" private placement (the \"\n \n Brokered Offering\n \n \", and collectively with the Flow-Through Offering, the \"\n \n Offerings\n \n \") is fully subscribed for the sale of 15,295,000 units of the Company (the \"\n \n Units\n \n \", and collectively with the FT Shares, the \"\n \n Offered Securities\n \n \") at a price of\n \n C$0.85\n \n per Unit (the \"\n \n Unit Price\n \n \") for gross proceeds of\n \n C$13,000,750\n \n , which includes the gross proceeds from the full exercise of the Agents' option. The aggregate gross proceeds to the Company from the Offerings will be approximately\n \n C$17,500,750\n \n .\n \n\n Each Unit will consist of one common share of the Company (each a \"\n \n Unit Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each whole Warrant shall entitle the holder to purchase one common share of the Company (each, a \"\n \n Warrant Share\n \n \") at a pri...