Business
Canada Nickel Announces $4.97 Million Private Placement of Flow-Through Shares
Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce a non-brokered private placement of an aggregate of up to 2,400,000 common shares of the Company that will qualify as "flow-through shares" (as defined in subsection 66(15) of the Income Tax Act (Canada)) (the "FT Shares"), at an issue price of C$2.07 per FT Share, for aggregate proceeds of C$4.97 million (the "Offering").
About this update from Canada Nickel Company Inc
[{"type":"text","content":"TORONTO, May 21, 2026 /CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce a non-brokered private placement of an aggregate of up to 2,400,000 common shares of the Company that will qualify as "flow-through shares" (as defined in subsection 66(15) of the Income Tax Act (Canada)) (the "FT Shares"), at an issue price of C$2.07 per FT Share, for aggregate proceeds of C$4.97 million (the "Offering").","length":516,"tagName":"p"},{"type":"image","alt":"Canada Nickel Company Logo (CNW Group/Canada Nickel Company Inc.)","displaySize":"","headline":null,"caption":"Canada Nickel Company Logo (CNW Group/Canada Nickel Company Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":348,"height":92,"url":"https://media.zenfs.com/en/cnwgroup.com/7e5b3566551785b31610c40671a1db07"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/N9kdGmqiBncMsG1jiTzvzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTE2OQ--/https://media.zenfs.com/en/cnwgroup.com/7e5b3566551785b31610c40671a1db07","width":348,"height":92},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/N9kdGmqiBncMsG1jiTzvzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTE2OQ--/https://media.zenfs.com/en/cnwgroup.com/7e5b3566551785b31610c40671a1db07","width":348,"height":92}},"href":"https://mma.prnewswire.com/media/2984740/Canada_Nickel_Company_Inc__Canada_Nickel_Announces__4_97_Million.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Mark Selby, CEO of Canada Nickel said, "With Crawford in the final stage towards a permitting decision expected by early summer and continued progress on government funding, this flowthrough financing will allow us to continue to advance our Timmins Nickel District where we have now published eight separate resources with a ninth coming later this quarter. We believe that the scale of the Timmins Nickel District makes us unique among nickel developers and positions us to benefit from the continued improvement in global nickel markets and renewed interest in nickel from investors."","length":597,"tagName":"p"},{"type":"text","content":"The gross proceeds from the Offering will be used by the Company to incur (or be deemed to incur) eligible resource exploration expenses that will qualify as (i) "Canadian exp...