By Laura Lutz
Des Moines, April 5 - First Nickel Inc. arranged a private placement of shares for C$15,000,025.
The company sold 13,043,500 shares at C$1.15 each.
The underwriters, a syndicate led by Desjardins Securities Inc., have a greenshoe for up to 1,956,500 shares for additional proceeds of C$2,249,975.
Settlement is expected on April 24.
Proceeds will be used to repay debt and for working capital.
First Nickel is a mining and exploration company based in Toronto.
| Issuer: | First Nickel Inc.
|
| Issue: | Shares
|
| Amount: | C$15,000,025
|
| Shares: | 13,043,500
|
| Greenshoe: | For 1,956,500 shares
|
| Price: | C$1.15
|
| Warrants: | No
|
| Underwriter: | Desjardins Securities Inc. (lead)
|
| Pricing date: | April 5
|
| Settlement date: | April 24
|
| Stock symbol: | Toronto: FNI
|
| Stock price: | C$1.18 at close April 4
|
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