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Canada Nickel Announces Upsize of the Brokered Private Placement to up to C$11.0 Million in Gross Proceeds
Canada Nickel Announces Upsize of the Brokered Private Placement to up to C$11.0 Million in Gross...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n\n\n\n Canada Nickel Announces Upsize of the Brokered Private Placement to up to C$11.0 Million in Gross Proceeds\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 16, 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 \") (TSX-V:CNC) is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced \"best efforts\" private placement (the \"\n \n Offering\n \n \") from aggregate gross proceeds of up to\n \n C$8,000,200\n \n to aggregate gross proceeds of up to\n \n C$11,000,700\n \n . The upsized Offering is comprised of the sale of up to 12,942,000 units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n C$0.85\n \n per Unit (the \"\n \n Offering Price\n \n \").\n \n\n\n\n\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 price of\n \n C$1.20\n \n at any time on or before that date which is 36 months after the Closing Date (as defined herein).\n \n\n Red Cloud Securities Inc. and Scotiabank are acting as co-lead agents and joint bookrunners, on behalf of a syndicate of agents (collectively, the \"\n \n Agents\n \n \"). The Company has granted to the Agents an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to sell up to an additional 2,353,000 Units at the Offering Price for up to\n \n C$2,000,050\n \n in additional gross proceeds.\n \n\n The Company plans to use the net proceeds of the Offering for the advancement of the Company's wholly owned Crawford Nickel Sulphide Project as well as for wo...