By Sheri Kasprzak
New York, Sept. 29 - First Nickel Inc. said it has priced a C$6 million private placement of stock.
The company sold 4,615,385 flow-through shares at C$1.30 each.
MGI Securities Inc. is the placement agent.
Proceeds will be used for exploration on its properties in the North Range of the Sudbury Basin, its Landore property and its Dundonald property.
Based in Toronto, First Nickel is a mineral exploration company.
| Issuer: | First Nickel Inc.
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| Issue: | Flow-through shares
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| Amount: | C$6 million
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| Shares: | 4,615,385
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| Price: | C$1.30
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| Warrants: | No
|
| Placement agent: | MGI Securities Inc.
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| Pricing date: | Sept. 29
|
| Stock price: | C$1.12 at close Sept. 28
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