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SPC Nickel Closes $4,970,450 Private Placement
SUDBURY, ON, May 13, 2026 /CNW/ - SPC Nickel Corp. (TSXV: SPC) ("SPC Nickel" or the "Company") is pleased to announce that it has closed its previously
About this update from Spc Nickel Corp.
[{"type":"text","content":" SUDBURY, ON, May 13, 2026 /CNW/ - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\") is pleased to announce that it has closed its previously announced non-brokered private placement. A total of 27,650,000 common share units (\"Common Share Units\") were issued for gross proceeds of $1,382,500, and 49,150,000 charity flow-through units (\"CFT Units\") for further gross proceeds of $3,587,950. Each Common Share Unit consisted of one common share and one half of a purchase warrant of the Company (each whole warrant a \"Warrant\") to acquire one common share at an exercise price of $0.15 per share exercisable for a period of 20 months from closing. Each CFT Unit consisted of one charity flow-through common share (\"CFT Share\") and one half of a purchase warrant of the Company (each whole warrant a \"Warrant\") to acquire one non-flow-through common share at an exercise price of $0.15 per share exercisable for a period of 20 months from the Closing. The gross proceeds of the CFT Units will be used to incur expenses that are eligible Canadian Exploration Expenses which will also qualify as \"flow-through critical mineral mining expenditures\" within the meaning of s. 127(9) of the Income Tax Act (Canada). In addition, the exploration will target Critical Minerals and will qualify for the 30% Critical Minerals Exploration Tax Credit under the Income Tax Act (Canada). Proceeds from the Common Share Units issued in connection with the Offering will be used for general working capital purposes. Finders' fees were paid in connection with the Offering to finders that included Haywood Securities Inc. and StephenAvenue Securities Inc. (collectively the \"Finders\") and consisted of cash fees in the aggregate amount of $12,000 representing an aggregate commission of 6% of the CFT Units sold to investors introduced by the Finders. In addition, a total of 240,000 broker warrants (\"Broker Warrants\") were issued to the Finders. Each Broker Warrant entitles the holder to purchase one Common Share at an exercise price of $0.15 for a period of 20 months from the Closing. The securities issued in connection with the Offering are subject to certain resale restrictions, including a four-month restriction expiring on September 14, 2026, pursuant to applicable Canadian securities legislation. The Offering remains subject to the final ap...