By Sheri Kasprzak
New York, Dec. 27 - Independent Nickel Corp. settled a C$2.8 million private placement.
The company sold 8 million flow-through shares at C$0.35 each.
Proceeds from the non-brokered deal will be used for exploration on the company's Lynn Lake project in Manitoba.
Based in Sudbury, Ont., Independent is a nickel exploration company.
| Issuer: | Independent Nickel Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$2.8 million
|
| Shares: | 8 million
|
| Price: | C$0.35
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | Dec. 19
|
| Settlement date: | Dec. 22
|
| Stock symbol: | TSX Venture: INI
|
| Stock price: | C$0.67 at close Dec. 22
|
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