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Wellgreen Platinum Announces Closing of C$11.4 Million Financing Package led by Resource Capital Fund VI L.P.
Wellgreen Platinum Announces Closing of C$11.4 Million Financing Package led by Resource C...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\nWellgreen Platinum Announces Closing of C$11.4 Million Financing Package led by Resource Capital Fund VI L.P.\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\nWellgreen Platinum Announces Closing of C$11.4 Million Financing Package led by Resource Capital Fund VI L.P.\nCanada NewsWire\nVANCOUVER, Nov. 10, 2015\n\n\n\nVANCOUVER, Nov. 10, 2015 /CNW/ - Wellgreen Platinum Ltd. (\"Wellgreen Platinum\" or the \"Company\") (TSX: WG; OTC-QX: WGPLF) is pleased to announce that it has closed the previously announced US$8.73 million (approximately C$11.4 million1) financing package with investors including Resource Capital Fund VI L.P. (\"RCF\") and Australind Limited (\"Australind\"), an affiliate of Alverstoke Group LLC (\"Alverstoke\").  \n\nWith these funds in place the Company has initiated field activities on its second phase exploration drill program at its flagship Wellgreen PGM & Nickel project in Canada's Yukon Territory, and will be undertaking a comprehensive metallurgical testing program starting in Q1 2016 as part of its pre-feasibility level studies on the project.\n\nAbout Resource Capital Funds\n\nResource Capital Funds (\"RCF\") is a private equity firm established in 1998 with a mining sector specific investment mandate spanning all hard mineral commodities and geographic regions. Since inception, RCF has supported 142 mining companies, with projects located in 45 countries and across 29 commodities. RCF is currently investing its sixth fund with committed capital of $2.04 billion. Further information about RCF can be found on its website (www.resourcecapitalfunds.com).\n\nRCF has a strong team of technically diverse investment professionals, with wide ranging industry expertise and demonstrated history of investments in mining globally. RCF's track record is based on its ability to pick technically and commercially compelling assets and support management to achieve desired outcomes whilst remaining throughout a source of patient capital. RCF aims to partner with companies to build strong, successful and sustainable businesses and in doing so str...