Business
EV Nickel Announces Non-Brokered Private Placement of up to C$1.0 Million
TORONTO, ON / ACCESSWIRE / July 17, 2023 / EV NICKEL INC. (TSX-V:EVNI) (" EVNi " or the " Compan...
About this update from Ev Nickel Inc.
[{"type":"text","content":"EV Nickel Announces Non-Brokered Private Placement of up to C$1.0 MillionTORONTO, ON / ACCESSWIRE / July 17, 2023 / EV NICKEL INC. (TSX-V:EVNI) (\"EVNi\" or the \"Company\") is announcing a non-brokered private placement (the \"Offering\") for gross proceeds of up to C$$1,000,00 from the sale of units of the Company (each, a \"Unit\") at a price of C$0.06 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a \"Warrant Share\") at a price of C$0.09 for a period of 24 months following the closing date of the Offering.The Company intends to use the proceeds raised from the Offering for continued exploration of the Company's Shaw Dome Project located south of Timmins in Ontario and general corporate expenses.A finder's fee may be paid on a portion of the proceeds from the Offering. Closing of the Offering is subject to customary closing conditions including, but not limited to, the receipt of applicable regulatory approvals, including the approval of the listing of the Shares on the TSX Venture Exchange.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons in the United States or \"U.S. persons,\" as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About EV Nickel Inc.EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome Project, south of Timmins, Ontario. EV Nickel has over 30,000 hectares to explore across the Shaw Dome and has identified >100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes @ 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large...