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Nickel Creek Platinum Announces Closing of Tranche 1 Private Placement
Nickel Creek Platinum Announces Closing of Tranche 1 Private Placement Canada News...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\nNickel Creek Platinum Announces Closing of Tranche 1 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, April 7, 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, April 7, 2020 /CNW/ - Nickel Creek Platinum Corp. (TSX:NCP) (\"Nickel Creek\" or the \"Company\") is pleased to announce that it has closed Tranche 1 of its previously announced private placement (the \"Private Placement\") pursuant to which the Company issued a total of 13,436,635 units (\"Units\") for gross proceeds of approximately $672 thousand. 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 (1) common share purchase warrant (each, a \"Warrant\"), with each Warrant exercisable into one Common Share (each, a \"Warrant Share\") at an exercise price of $0.10 for a period of five (5) years from the date of issuance, subject to adjustment upon certain customary events. \nAs noted in the March 26, 2020 news release, the Company intends to complete the Private Placement in two tranches. Tranche 1 has closed. Tranche 2 is expected to close on or before June 5, 2020 and will consist of approximately 30.6 million Units for aggregate gross proceeds of approximately $1.5 million and 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 proceeds of up to approximately $1.5 million. Each FT Unit will consist 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 $0.10 for a period of five (5) years from the date of issuance, subject to adjustment upon certain customary events. Pursuant to section 607(g) of the Toronto Stock Exchange...