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Wellgreen Platinum Announces Participation by Resource Capital Fund VI L.P. in Private Placement
Wellgreen Platinum Announces Participation by Resource Capital Fund VI L.P. in Private Pla...
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\n\n\n\nWellgreen Platinum Announces Participation by Resource Capital Fund VI L.P. in 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\nWellgreen Platinum Announces Participation by Resource Capital Fund VI L.P. in Private Placement\nCanada NewsWire\nVANCOUVER, June 29, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, June 29, 2016 /CNW/ - Wellgreen Platinum Ltd. (TSX: WG; OTC-QX: WGPLF) (\"Wellgreen Platinum\" or the \"Company\") is pleased to announce that Resource Capital Fund VI L.P. (\"RCF\") has indicated that it intends to participate in the Company's previously announced private placement of common shares at a price of C$0.30 per common share (the \"Private Placement\").  RCF, which has a pro rata right pursuant to the terms of an ancillary rights agreement between the Company and RCF dated November 10, 2015, will exercise its pro rata right in full and subscribe for up to approximately 594,987 common shares, with the precise amount dependant on whether other outstanding pro rata rights are exercised.  RCF's subscription will result in gross proceeds to the Company of up to approximately C$178,500.\n\nThe Private Placement is subject to, among other things, receipt of all applicable regulatory approvals, including approval of the Toronto Stock Exchange (\"TSX\").  All Shares issued in the Private Placement will be subject to a statutory four month hold period.\n\nThe net proceeds of the Private Placement will be used for the development of the Company's Wellgreen PGM-nickel project in the Yukon and for general corporate purposes.\n\nThis news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unle...