Two-year warrants will be exercisable at C$0.25, a 25% premium
By Devika Patel
Knoxville, Tenn., Jan. 24 - Hard Creek Nickel Corp. said it amended a non-brokered private placement of units, increasing the amount to C$1.51 million and modifying the units. The deal priced for C$1.01 million Jan. 9.
The company will now sell 8.4 million units of one share and one warrant at C$0.18 per unit. Previously, the company planned to sell 5.6 million units, each consisting of one share and half of a warrant.
Each warrant will be exercisable at C$0.25 for two years. This is a 25% premium over the company's C$0.20 closing share price on Jan. 6.
Proceeds will be used for general working capital.
Hard Creek Nickel is based in Vancouver, B.C. It is developing the Turnagain nickel deposit, a nickel sulphide deposit in north central British Columbia.
| Issuer: | Hard Creek Nickel Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,512,000
|
| Units: | 8.4 million
|
| Price: | C$0.18
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 9
|
| Revised: | Jan. 24
|
| Stock symbol: | Toronto: HNC
|
| Stock price: | C$0.20 at close Jan. 6
|
| Market capitalization: | C$13.15 million
|
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