By Devika Patel
Knoxville, Tenn., June 4 - Niocan Inc. said it took in C$1.08 million from a private placement of stock.
The company sold 1.8 million common shares at C$0.60 per share.
Proceeds will be added to the company's cash position and for its future working capital needs.
Niocan is a Montreal-based niobium exploration company.
Issuer: | Niocan Inc.
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Issue: | Common shares
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Amount: | C$1.08 million
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Shares: | 1.8 million
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Price: | C$0.60
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Warrants: | No
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Settlement date: | June 6
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Stock symbol: | Toronto: NIO
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Stock price: | C$0.53 at close June 5
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