Offering sells flow-through common shares through finder Pope & Co.
By Devika Patel
Knoxville, Tenn., June 1 - First Nickel Inc. said it concluded a C$2.05 million private placement of stock. The deal priced for C$2 million on May 18.
The company sold 11.37 million 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.
Pope & Co. Ltd. was 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.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2,046,600
|
| Shares: | 11.37 million
|
| Price: | C$0.18
|
| Warrants: | No
|
| Pricing date: | May 18
|
| Settlement date: | June 1
|
| Stock symbol: | Toronto: FNI
|
| Stock price: | C$0.15 at close May 18
|
| Market capitalization: | C$82.47 million
|
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