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SPC Nickel Announces $3.5 Million Rights Offering Backstopped by Dundee Corporation
SPC Nickel Announces $3.5 Million Rights Offering Backstopped by Dundee Corporation Can...
About this update from Spc Nickel Corp.
[{"type":"text","content":"\n\n\n\n SPC Nickel Announces $3.5 Million Rights Offering Backstopped by Dundee Corporation\n \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 Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n SUDBURY, ON\n \n\n ,\n \n\n June 12, 2025\n \n\n /CNW/ -\n \n SPC Nickel Corp.\n \n (TSXV: SPC) (\"\n \n SPC\n \n \" or the \"\n \n Corporation\n \n \") and Dundee Corporation (TSX: DC.A) are pleased to announce that SPC is commencing a rights offering (the \"\n \n Rights Offering\n \n \") to the holders of common shares in the capital of the Corporation (the \"\n \n Common Shares\n \n \") to raise aggregate gross proceeds of approximately\n \n $3,500,000\n \n . The net proceeds of the Rights Offering will be used to conduct the first modern airborne geophysical surveys in over 20 years on the Corporation's 470 km\n \n 2\n \n polymetallic Muskox Property and the advancement of the West Graham Deposit via a series of environmental, geotechnical and metallurgical studies. In addition, the Corporation plans to evaluate a number of very high conductivity electromagnetic targets on the broader Lockerby East Property for high-grade polymetallic sulphide mineralization. The remainder of the proceeds will be used for general corporate purposes, as detailed in the Rights Offering Circular (as defined below).\n \n\n\n\n\n\n\n\n\n Under the terms of the Rights Offering, holders of Common Shares at the close of business (\n \n Toronto\n \n time) on\n \n June 24, 2025\n \n (the \"\n \n Record Date\n \n \") will receive 0.906482950 of one (1) transferable right (each, a \"\n \n Right\n \n \") for each Common Share held as of the Record Date. Each Right will entitle the holder thereof to subscribe for one (1) Common Share (the \"\n \n Basic Subscription Privilege\n \n \") at a subscription price of\n \n $0.02\n \n per Common Share (the \"\n \n Subscription Price\n \n \"). The Subscription Price represents a 33% discount to the last closing price of...