Business
Nickel Creek Platinum Announces Closing of Second Tranche of Private Placement
Nickel Creek Platinum Announces Closing of Second Tranche of Private Placement Can...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\nNickel Creek Platinum Announces Closing of Second Tranche of Private Placement\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\nCanada NewsWire\nTORONTO, June 8, 2020\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 THE UNITED STATES/\n TORONTO, June 8, 2020 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) (\"Nickel Creek\" or the \"Company\") is pleased to announce that it has closed a second tranche (\"Tranche 2\") of its previously announced private placement (the \"Private Placement\") pursuant to which the Company issued a total of 30,563,365 units (\"Units\") for aggregate gross proceeds to the Company of approximately $1.528 million. The Units were priced at $0.05 with each Unit consisting of one common share in the capital of the Company (each, a \"Common Share\") and one common share purchase warrant (each, a \"Warrant\"), with each Warrant exercisable into one Common Share at an exercise price of $0.10 for a period of five years from the date of issuance, subject to adjustment upon certain customary events. The Company received shareholder approval of Tranche 2 at the Company's annual general and special meeting held on June 2, 2020.  The Company previously closed the first tranche of the Private Placement for aggregate gross proceeds of approximately $672 thousand on April 7, 2020. The aggregate gross proceeds raised pursuant to the Private Placement to date are approximately $2.2 million. \nThe Company intends to complete a third tranche of the Private Placement of up to approximately 27.3 million \"flow-through\" units of the Company (\"FT Units\") at a price of $0.055 per FT Unit for aggregate gross proceeds of approximately $1.5 million (the \"Flow-Through Offering\"). Each FT Unit will consist of one \"flow-through\" common share and one common share purchase warrant (each a \"FT Warrant\"), with each FT Warrant exercisable  for one Common Share at an exercise price of $0.10 for a ...