Nickel North Closes Final Tranche of Private Placement and Announces a New Flow Through Private Placement

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[{"type":"text","content":"Nickel North Closes Final Tranche of Private Placement and Announces a New Flow Through Private PlacementVancouver, British Columbia--(Newsfile Corp. - May 26, 2022) - Nickel North Exploration Corp. (TSXV: NNX) (the \"Company\" or \"Nickel North\") is pleased to announce that, further to the news release of April 20, 2022, it has closed the second and final tranche (the \"Final Tranche\") in the amount of $37,500 of the private placement (the \"Private Placement\") previously announced on April 5, 2022. In this Final Tranche, the Company issued 750,000 units (each an \"Unit\") at $0.05 per Unit. Each Unit comprised of one common shares in the capital of the company (a \"Share\") and one full common share purchase warrant (a \"Warrant\"). Each full Warrant shall be exercisable into one Share at an exercise price of $0.075 for 2 years from the date of issuance date, subject to acceleration described as follows:If on any five (5) consecutive days on which the TSX Venture Exchange (the \"Exchange\") is open for trading (each a \"Trading Day\") occurring after one month has elapsed following the date of issuance of this Warrant, the closing sales price of the Shares (or the closing bid, if no sales were reported on a Trading Day) as quoted on the Exchange (or if the Shares are not listed on the Exchange, such stock exchange, quotation system or market on which such shares are listed) is greater than $0.20, the Company may accelerate the expiry date of the Warrants to the 30th day after the date on which the Company gives notice to the holders of the Warrants by way of a news release.All Securities of the Company issued pursuant to the closing of the Final Tranche are subject to a four-month hold period. Non-Brokered Flow Through Private PlacementThe Company also wishes to announce a new non-brokered private placement (the \"FT Private Placement\") offering of up to 2,666,666 flow through units (the \"FT Units\") at $0.075 per FT Unit for gross proceeds of up to $200,000.Each FT Unit will consist of one Share and one non-transferable share purchase warrant (the \"FT Warrants\"). Each whole FT Warrant will entitle the holder to purchase one Share at $0.10 per Share. The FT Warrants will have an expiry date of two years from the date of issuance, subject to acceleration described as follows:The FT Warrants shall be callable by the Compa...

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