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Canada Nickel Receives Equity Investment from Samsung SDI
Canada Nickel Receives Equity Investment from Samsung SDI Canada NewsWire ...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Receives Equity Investment from Samsung SDI\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n Samsung SDI to invest\n \n US$18.5 million\n \n and acquire approximately 15.6 million shares of Canada Nickel, becomes an 8.7% shareholder\n \n \n Samsung SDI granted the right to purchase a 10% equity interest in the Crawford project for\n \n US$100.5 million\n \n upon a final construction decision\n \n \n Samsung SDI will be granted certain offtake rights to the Crawford project's nickel-cobalt products subject to the completion of the 10% equity investment in the Crawford project\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 12, 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) is pleased to announce that the Company has entered today into a Subscription Agreement with Samsung SDI Co., Ltd. (\"Samsung SDI\") to make a\n \n US$18.5 million\n \n investment in\n \n Canada\n \n Nickel at a price of\n \n C$1.57\n \n per Common Share. Upon closing of the private placement contemplated in the Subscription Agreement, Samsung SDI will own approximately 15.6 million shares of the common shares of Canada Nickel, representing approximately 8.7% of the Company's issued and outstanding shares on a non-diluted basis.\n \n \n \"We are very pleased to welcome Samsung SDI as an investor and project partner with Canada Nickel,\" said\n \n Mark Selby\n \n , CEO of Canada Nickel. \"As we advance the Crawford Nickel Sulphide Project, it is critical to form long-term partnerships with companies that truly understand how crucial this production is for electric vehicle supply chains across\n \n North America\n \n and\n \n Europe\n \n . As one of the world's leading electric vehicle battery manufacturers, Samsung SDI not only understands our vital role in these supply chains, but also believes in\n \n Canada\n \n Nickel's vision for responsi...