By Devika Patel
Knoxville, Tenn., Jan. 30 - International Nickel Ventures Corp. said it has arranged a C$3 million private placement of stock.
The company plans to sell 2.4 million flow-through shares at C$1.25 per share.
Primary Capital Inc. will lead a syndicate of agents for this deal and will be paid a 6% commission in cash and warrants.
Settlement is expected on Feb. 21.
Proceeds will be used for exploration.
International Nickel is a nickel exploration and development company based in Toronto.
| Issuer: | International Nickel Ventures Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$3 million
|
| Shares: | 2.4 million
|
| Price: | C$1.25
|
| Warrants: | No
|
| Agent: | Primary Capital Inc. (lead)
|
| Fees: | 6% in cash and warrants
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 21
|
| Stock symbol: | Toronto: INV
|
| Stock price: | C$1.05 at close Jan. 29
|
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