Fathom Nickel Announces the Closing of $4,000,000 Flow-Through Marketed Offering

About this update from Fathom Nickel, Inc.

[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - November 29, 2021) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\"), is pleased to announce that it has closed its marketed offering of flow-through shares (the \"Offering\"). Pursuant to the Offering, the Company issued 10,000,000 flow-through common shares (the \"FT Shares\") at a price per FT Share of $0.40 (the \"FT Price\") for gross proceeds of $4,000,000. Echelon Wealth Partners Inc. acted as Lead Agent and sole bookrunner for a syndicate that also included Sprott Capital Partners LP and Research Capital Corporation (collectively the \"Agents\"). The Company has granted the Agents an option to purchase up to an additional 15% of the FT Shares sold under the Offering. The Over-Allotment Option may be exercised in whole or in part as determined by the Agents upon written notice to the Company at any time up to 30 days following the closing date of the Offering (the \"Over-Allotment Option\"). The gross proceeds received by the Company under the Offering will be used to incur Canadian Exploration Expenses (\"CEE\") that are \"flow-through mining expenditures\" (as such terms are defined in the Income Tax Act Canada) on the Company's properties in Saskatchewan, by December 31, 2022 and renounce such expenditures to the subscribers effective December 31, 2021. As consideration for its services in connection with the Offering, the Company has paid to the Agents a cash commission of 7.0% of the gross proceeds of the Offering and issued to the Agents broker warrants (\"Broker Warrants\") equal to 7.0% of the number of FT Shares sold under the Offering. Each Broker Warrant will entitle the holder thereof to acquire one common share of the Company at the offering price for a period of 18 months from the Closing Date. The short form prospectus, filed in the Provinces of British Columbia, Alberta, Manitoba, Ontario and Nova Scotia (the \"Canadian Jurisdictions\") is available on SEDAR at www.sedar.com. Novus Merchant Partners Inc. acted as special advisor to the Company. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any sta...

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