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Canada Nickel Completes Private Placement of Flow-Through Units & Announces Agnico Eagle as an Investor
Canada Nickel Completes Private Placement of Flow-Through Units & Announces Agnico Eagle as a...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Completes Private Placement of Flow-Through Units & Announces Agnico Eagle as an Investor\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 Canada Nickel Completes Private Placement of Flow-Through Units & Announces Agnico Eagle as an Investor\n \n \n Canada NewsWire\n \n \n \n \n \n Highlights\n \n \n \n \n Canada Nickel to receive flow through funding of\n \n $34.7 million\n \n \n \n Agnico Eagle to become a 12% shareholder\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 2, 2024\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) has completed a brokered private placement consisting of 19,600,000 units of the Company (the \"\n \n Flow-Through Units\n \n \") at a price of\n \n C$1.77\n \n per Flow-Through Unit, with each unit consisting of one flow-through common share of the Company and 0.35 of one flow-through common share purchase Warrant (the \"\n \n Warrant\n \n \"), as more particularly described below, for aggregate gross proceeds of\n \n C$34,692,000\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n Following closing of the Offering, Agnico Eagle Mines Limited (\"\n \n Agnico Eagle\n \n \") acquired the units, and as a result, holds approximately 12% of the Company's issued and outstanding common shares on a non-diluted basis, and 15.6% on a partially-diluted basis (assuming exercise of all of the Warrants).\n \n \n \"We are very pleased to welcome Agnico Eagle, one of the largest mining companies in\n \n Canada\n \n , as an investor in\n \n Canada\n \n Nickel.  Agnico Eagle has a long operating history in the Abitibi region, deep technical expertise and a track record of operating success with its core open pit, bulk-tonnage, gold assets in the Abitibi at both Canadian Malartic and Detour Lake.  The proceeds from this Offering will help us continue to unlock the potential of our Timmins Nickel District, which we believe has the potential to be one of the world's largest nickel sulphide district.&...