By Laura Lutz
Des Moines, May 4 - First Nickel Inc. closed its previously announced private placement of shares for C$17.25 million, including a fully exercised greenshoe for C$2,249,975.
The company sold 15 million shares at C$1.15 each.
A syndicate led by Desjardins Securities Inc. underwrote the deal.
The placement priced on April 5 as a C$15,000,025 offering of 13,043,500 shares, with a greenshoe for 1,956,500 additional shares.
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$17.25 million (including C$2,249,975 greenshoe)
|
| 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: | May 4
|
| Stock symbol: | Toronto: FNI
|
| Stock price: | C$1.18 at close April 4
|
| Stock price: | C$1.87 at close May 3
|
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