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NiCAN Announces Non-Brokered Private Placement
NiCAN Announces Non-Brokered Private Placement Canada NewsWire /THIS NEWS RELEA...
About this update from Nican Ltd.
[{"type":"text","content":"\n\n\n\n NiCAN Announces Non-Brokered Private Placement\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 INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND 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 All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 25, 2025\n \n\n /CNW/ - NiCAN Limited. (TSX-V:NICN) (\"\n \n NiCAN\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it intends to complete a non-brokered private placement for maximum aggregate gross proceeds of up to\n \n $1,400,000\n \n (the \"\n \n Offering\n \n \"). The Offering will consist of the sale of any combination of: (i) hard-dollar units of the Company (the \"\n \n HD Units\n \n \") at a price of\n \n $0.05\n \n per HD Unit, and (ii) flow-through units of the Company (the \"\n \n FT Units\n \n \", and together with the HD Units, the \"\n \n Units\n \n \") at a price of\n \n $0.05\n \n per FT Unit.\n \n\n\n\n\n\n\n\n\n Each HD Unit will be comprised of one common share of the Company (each, a \"\n \n Share\n \n \") and one common share purchase warrant of the Company (each, a \"\n \n Warrant\n \n \"), with each Warrant entitling the holder thereof to purchase an additional Share of the Company (a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n $0.06\n \n per Warrant Share for 24 months from the closing of the Offering. Each FT Unit will be comprised of one common share of the Company (each, a \"\n \n FT\n \n\n Share\n \n \") and one Warrant. The FT Shares will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ). The Company may elect to accelerate the expiry date of the Warrants in the event that the volume-weighted average trading price of the Shares on a the TSX Venture Exchange (the \"\n \n Exchange\n \n \") equals or exceeds\n \n $0.18\n...