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Flying Nickel Closes Private Placement for Proceeds of $680,000 with Norway House Cree Nation As Minago's Strategic Partner
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2023) - Flying Nickel Mining Corp. &#x...
About this update from Cleantech Vanadium Mining Corp
[{"type":"text","content":"Flying Nickel Closes Private Placement for Proceeds of $680,000 with Norway House Cree Nation As Minago's Strategic PartnerVancouver, British Columbia--(Newsfile Corp. - August 14, 2023) - Flying Nickel Mining Corp.  (TSXV: FLYN) (OTCQB: FLYNF) (\"Flying Nickel\" or the \"Company\") is pleased to announce that it has closed a non-brokered private placement offering (\"the Offering\") of 6,800,000 common shares of the Company raising gross proceeds of $680,000. The Offering was priced at $0.1 per share.Norway House Cree Nation (\"NHCN\") was the sole investor. As a result of the Offering, NHCN owns approximately 9.7% Flying Nickel's common shares. NHCN is a strategic partner to Flying Nickel. The Company's flagship Minago nickel project is in NHCN's exclusive traditional territory.The Offering does not affect terms of the March 2023 Impact Benefit Agreement between the Company and NHCN, which entitles NHCN to purchase an additional 10% of Flying Nickel's common shares in the future. No finders fees were payable in connection with the Offering. The securities issued as part of the Offering will be subject to a 4-month hold period.Proceeds of the Offering are will be used for exploration and general working capital.About Flying NickelFlying Nickel Mining Corp. is a premier nickel sulphide mining and exploration company. The company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.Further information on the Company can be found at www.flynickel.com.FLYING NICKEL MINING CORP.ON BEHALF OF THE BOARDJohn LeeInterim Chief Executive OfficerFor more information about the Company, please contact:Phone: Phone: 1.877.664.2535 / 1.877.6NICKELEmail: [email protected] TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking StatementsCertain statements contained in this news release, including statements which may contain words such as \"expects\", \"anticipates\", \"intends\", \"plans\", \"believes\", \"estimates\", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forwa...