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Nickel Creek Platinum announces closing of flow-through financing
Nickel Creek Platinum announces closing of flow-through financing Canada NewsWire ...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\nNickel Creek Platinum announces closing of flow-through financing\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Aug. 6, 2019\n\n\n\nTORONTO, Aug. 6, 2019 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) (\"Nickel Creek\" or the \"Company\") is pleased to announce that it has closed its previously announced flow-through private placement, pursuant to which the Company issued a total of 3,170,732 \"flow-through\" units of the Company (the \"FT Units\") at a price of $0.0574 per FT Unit for aggregate proceeds of approximately $182 thousand (the \"FT Private Placement\"). Each FT Unit is comprised of one (1) \"flow-through\" common share (each a \"FT Share\") and one (1) common share purchase warrant (each a \"FT Warrant\"), with each FT Warrant exercisable for one common share (each a \"Warrant Share\") at an exercise price of $0.08 for a period of five (5) years from the date of issuance. \nThe FT Shares and FT Warrants (and any Warrant Shares, as applicable) will be subject to a statutory hold period of four months and one day from the date of issuance.\nThe funds from the FT Private Placement will be used by the Company to incur \"Canadian exploration expenses\" that will qualify as \"flow-through mining expenditures\", each as defined under the Income Tax Act (Canada).\nAbout Nickel Creek Platinum Corp.\nNickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw project. The Nickel Shäw Project is a large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shäw project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.  The Company is also investigating other opportunities for shareholder value creation.\nThe Company is led by a management...