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NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT
NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT Canada NewsWire...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\n NICKEL CREEK PLATINUM ANNOUNCES CLOSE 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 OAKVILLE, ON\n \n\n ,\n \n\n May 14, 2025\n \n\n /CNW/ - Nickel Creek Platinum Corp. (TSXV: NCP) (\"\n \n Nickel Creek\n \n \" or the \"\n \n Company\n \n \") has closed its previously announced non-brokered private placement (the \"\n \n Private Placement\n \n \") pursuant to which the Company issued a total of 584,000 units (the \"\n \n Units\n \n \") of the Company to Electrum Strategic Opportunities Fund L.P. (\"\n \n Electrum\n \n \") at a price of\n \n $0.60\n \n per Unit for gross proceeds of approximately\n \n $350,000\n \n . Each Unit consists of one common share in the capital of the Company (each, a \"\n \n Common Share\n \n \") and one common share purchase warrant (each, a \"\n \n Warrant\n \n \"), with each Warrant exercisable into one additional Common Share (each, a '\n \n Warrant Share\n \n \") at an exercise price of\n \n $0.60\n \n for a period of three (3) years from the date of closing.\n \n\n\n\n\n\n\n\n\n The net proceeds from the Private Placement will be used for general corporate purposes.\n \n\n All Common Shares issued, and Warrant Shares made issuable, under the Private Placement are subject to a statutory hold period of four months and one day from the date of closing.\n \n\n Pursuant to Multilateral Instrument 61-101 -\n \n Protection of Minority Security Holders in Special Transactions\n \n (\"\n \n MI 61-101\n \n \"), the Private Placement constituted a \"related party transaction\" as Electrum is a related party of the Company, given it holds greater than 10% of the outstanding Common Shares. The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of M...