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NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT ...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n \n \n \n NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF FIRST TRANCHE OF 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 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 11, 2023\n \n \n /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) (\"\n \n Nickel Creek\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed the first tranche (\"\n \n Tranche 1\n \n \") of its previously announced non-brokered private placement (the \"\n \n Private Placement\n \n \") pursuant to which the Company is issuing a total of 31,503,656 units (\"\n \n Units\n \n \") for gross proceeds of approximately\n \n $1.4 million\n \n .\n \n \n \n \n \n \n \n \n \n The Units were priced at\n \n $0.045\n \n with each Unit consisting of one common share of the capital of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"\n \n Warrant\n \n \"), with each Warrant exercisable for one Common Share (each, a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n $0.08\n \n for a period of three (3) years from the date of issuance, subject to adjustment upon certain customary events.\n \n \n The net proceeds from the Private Placement will be used to fund the Company's completion of the Prefeasibility Study (\"\n \n PFS\n \n \"), ongoing permitting activities and holding costs at its 100%-owned Nickel Shäw Project, and for general corporate expenses and working capital purposes.\n \n \n In connection with the Private Placement, the Company's largest shareholder, Electrum Strategic Opportunities Fund L.P. (\"\n \n Electrum\n \n \"), has acquired 27,777,778 Units or approximately 88% of Tranche 1 of the Private Placement for a total investment of\n \n $1.25 million\n \n .\n \n \n \n Stuart Harshaw...