Business
First Atlantic Nickel Announces Upsize of LIFE Offering
Grand Falls-Windsor, Newfoundland and Labrador--(Newsfile Corp. - February 12, 2026) - First Atla...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Announces Upsize of LIFE OfferingGrand Falls-Windsor, Newfoundland and Labrador--(Newsfile Corp. - February 12, 2026) - First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (the \"Company\" or \"First Atlantic\") is pleased to announce that, following notice from a strategic investor of its anticipated participation pursuant to its top-up rights under an Investor Rights Agreement and as a result of strong investor demand, it has increased the size of its previously announced non-brokered private placement pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\").The private placement will now consist of up to 21,666,667 common shares of the Company (each, a \"Share\") issued at a price of $0.18 per Share for aggregate gross proceeds of up to $3,900,000 (the \"LIFE Offering\").The anticipated participation of the strategic investor reflects continued confidence in the Company's growth strategy and long-term prospects, and will enable the investor to maintain an ownership interest of up to 9.99%.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Shares will be offered for sale to purchasers resident in each of the provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"). As the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Shares issued pursuant to the Offering are expected not to be subject to a statutory hold period pursuant to applicable Canadian securities laws. The Shares may also be offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and in jurisdictions outside of Canada and the United States on a private placement or equi...