Business
Canada Nickel Announces Upsize of Bought Deal Public Offering to C$45.0 Million
Canada Nickel Announces Upsize of Bought Deal Public Offering to C$45.0 Million ...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Announces Upsize of Bought Deal Public Offering to C$45.0 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 March 9, 2022\n \n \n /CNW/ -\n \n Canada Nickel Company Inc.\n \n \n (\"\n \n \n Canada Nickel\n \n \n \" or the \"\n \n \n Company\n \n \n \") (\n \n TSXV\n \n :\n \n CNC\n \n ) (\n \n OTCQX\n \n :\n \n CNIKF\n \n ) is pleased to announce that due to significant investor demand, the Company has agreed to amend its agreement with Red Cloud Securities Inc. (\"\n \n \n \n Red Cloud\n \n \n \n \") as lead underwriter and sole\n \n bookrunner\n \n on behalf of a syndicate of underwriters that includes\n \n Clarksons Platou\n \n Securities AS. (collectively, the \"\n \n \n Underwriters\n \n \n \"), to increase the size of the Company's previously announced offering from\n \n C\n \n \n $25.0 million\n \n to\n \n C\n \n \n $45.0 million\n \n . Under the revised offering, the Underwriters have agreed to purchase for resale the following equity securities of the Company on a bought deal basis to raise aggregate gross proceeds to the Company of\n \n C\n \n \n $45,000,000\n \n (the \"\n \n \n Offering\n \n \n \"):\n \n \n \n \n \n \n \n \n \n \n \n 8,325,806 common shares of the Company (each, a \"\n \n Common Share\n \n \") at a price of\n \n C$3.10\n \n per Common Share; and\n \n \n 3,424,658 flow-through shares of the Company (each, a \"\n \n FT Share\n \n \") to be sold to traditional flow-through purchasers (each, a \"\n \n Traditional FT Share\n \n \") at a price of\n \n C$3.65\n \n per Traditional FT Share;\n \n \n 1,500,000 FT Shares to be sold to charitable purchasers (each, a \"\n \n Charity FT Share\n \n \") at a price of\n \n C$4.46\n \n per Charity FT Share.\n \n \n \n The Common Shares, Traditional FT Shares and Charity FT Shares shall be collectively referred to as the \"\n \n Offered Securities\n...