Business
Nexcel Closes Oversubscribed $3.55 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2025) - Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) (FSE: 2OH) ("Nexcel" or the "Company") is pleased to announce, further to its news releases dated November 7, 2025 and November 21, 2025, that it has closed its non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $3,549,800 that consists of the issuance of a combination of:1,190,000 flow-through units of the Company ("FT Units") at a price of...
About this update from Nexcel Metals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 5, 2025) - Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) (FSE: 2OH) ("Nexcel" or the "Company") is pleased to announce, further to its news releases dated November 7, 2025 and November 21, 2025, that it has closed its non-brokered private placement (the "Private Placement") for aggregate gross proceeds of $3,549,800 that consists of the issuance of a combination of:","length":455,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"1,190,000 flow-through units of the Company ("FT Units") at a price of $0.42 per FT Unit for gross proceeds of $499,800; and","length":134,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"8,714,285 non-flow-through units of the Company ("NFT Units") at a price of $0.35 per NFT Unit for gross proceeds of $3,050,000.","length":138,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":272,"olType":false},{"type":"text","content":"Each FT Unit consists of one flow-through common share of the Company (a "FT Unit Share") and one transferable common share purchase warrant (a "FT Unit Warrant"). Each FT Unit Warrant will entitle the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.50 until December 4, 2027.","length":351,"tagName":"p"},{"type":"text","content":"Each NFT Unit consists of one non-flow-through common share of the Company and one transferable common share purchase warrant (a "NFT Unit Warrant"). Each NFT Unit Warrant will entitle the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.45 until December 4, 2027.","length":328,"tagName":"p"},{"type":"text","content":"Each FT Unit Share will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). An amount equal to the gross proceeds from the sale of the FT Units will be used to incur "Canadian exploration expenses" on any of the Lac Ducharme Property located in Quebec and the Burnt Hill Property located in New Brunswick which will qualify as "flow-through mining expenditures" as those terms are defined in the Tax Act, and which the Company intends to renounce to the subscr...