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Nickel Creek Platinum Announces Closing of Tranche 2 Private Placement
Nickel Creek Platinum Announces Closing of Tranche 2 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 2 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, Aug. 29, 2019\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, Aug. 29, 2019 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) (\"Nickel Creek\" or the \"Company\") is pleased to announce that it has closed Tranche 2 of its previously announced private placement (the \"Private Placement\") pursuant to which the Company issued a total of 8,568,225 units (\"Units\") for gross proceeds to the Company of approximately $351 thousand.  The Units were priced at $0.041 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 (each, a 'Warrant Share\") at an exercise price of $0.08 for a period of five (5) 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 August 28, 2019.\nAs noted in the June 26, 2019 news release, the Company intended to complete its non-brokered private placement for aggregate gross proceeds of $1.3 million, in two tranches.  Tranche 1 for aggregate gross proceeds of $949 thousand closed on July 12, 2019 and Tranche 2 closed on August 29, 2019.  \nThe net proceeds from the Private Placement will be used to fund the investigation of strategic transactions, ongoing permitting activities and holding costs at Nickel Shäw project, and general corporate and working capital purposes.\nThe Common Shares and the 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. The Private Placement is non-brokered and will not resu...