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FPX Announces Closing of $16.1 Million Bought Deal Public Offering
FPX Announces Closing of $16.1 Million Bought Deal Public Offering Canada NewsW...
About this update from Fpx Nickel Corp
[{"type":"text","content":"\n \n \n \n FPX Announces Closing of $16.1 Million Bought Deal Public Offering\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n VANCOUVER, BC\n \n ,\n \n April 7, 2021\n \n /CNW/ - FPX Nickel Corp. (TSXV: FPX) (\"\n \n FPX\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its previously announced bought deal public offering of 24,769,800 common shares (the \"\n \n Common Shares\n \n \") at an offering price of\n \n $0.65\n \n per common share for gross proceeds of\n \n $16,100,370\n \n , which includes the exercise of the over-allotment option (the \"\n \n Offering\n \n \"). The Offering was co-led by Paradigm Capital Inc. and Cormark Securities Inc. (together, the \"\n \n Underwriters\n \n \").\n \n \n \n \n \n \n \n \n \n The Company intends to use the net proceeds of the Offering primarily for exploration and development activities on its Baptiste Nickel Project and other properties, and for general corporate purposes.\n \n \n The Offering was made in the provinces of\n \n British Columbia\n \n ,\n \n Alberta\n \n and\n \n Ontario\n \n pursuant to a short form prospectus dated\n \n March 23, 2021\n \n (the \"\n \n Prospectus\n \n \"). A copy of the Prospectus is available under the Company's profile on SEDAR at\n \n www.sedar.com\n \n . The Underwriters received a cash commission equal to 6.0% of the gross proceeds from the sale of the Common Shares pursuant to the Offering and a total of 1,486,188 compensation options entitling the Underwriters to acquire common shares of the Company for a period up to\n \n April 7, 2023\n \n at an exercise price of\n \n $0.65\n \n per common share.\n \n \n The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within\n \n the United St...