Offering sells flow-through common shares through finder Pope & Co.
By Devika Patel
Knoxville, Tenn., May 18 - First Nickel Inc. said it arranged a C$2 million private placement of stock.
The company will sell flow-through common shares at C$0.18 apiece. The price per share represents a 20% premium to the May 17 closing share price of C$0.15.
Settlement is expected May 31. Pope & Co. Ltd. is a finder.
Proceeds will be used for the company's exploration programs.
First Nickel is a nickel mining and exploration company based in Toronto.
Issuer: | First Nickel Inc.
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Issue: | Flow-through common shares
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Amount: | C$2 million
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Price: | C$0.18
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Warrants: | No
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Pricing date: | May 18
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Settlement date: | May 31
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Stock symbol: | Toronto: FNI
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Stock price: | C$0.15 at close May 18
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Market capitalization: | C$68.49 million
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