Non-brokered offering sells 67,331,093 units to Sentient Executive GP
By Devika Patel
Knoxville, Tenn., July 27 – North American Nickel Inc. said it has arranged a C$5.05 million non-brokered private placement of units with Sentient Executive GP IV, Ltd.
The company will sell 67,331,093 units of one common share and a half-share warrant at C$0.075 per unit.
Each whole warrant is exercisable at C$0.12 for two years. The strike price is a 33.33% premium to C$0.09, the July 26 closing share price.
North American Nickel is a natural resource explorer based in Vancouver, B.C.
| Issuer: | North American Nickel Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5,049,832
|
| Units: | 67,331,093
|
| Price: | C$0.075
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.12
|
| Agent: | Non-brokered
|
| Investor: | Sentient Executive GP IV, Ltd.
|
| Pricing date: | July 27
|
| Stock symbol: | TSX Venture: NAN
|
| Stock price: | C$0.09 at close July 26
|
| Market capitalization: | C$17.65 million
|
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