By Sheri Kasprzak
New York, Dec. 21 - Nuinsco Resources Ltd. wrapped a private placement of stock for C$15,000,180.
The company sold 19.231 million shares at C$0.78 each.
The shares were sold through a syndicate of underwriters including Sprott Securities Inc., Octagon Capital Corp. and Raymond James Ltd.
Proceeds will be used for a feasibility study on the company's Minago nickel project, the completion of a 100% earn-in of the Mel nickel project and the advancement of the Rocher nickel project. The remainder will be used for general corporate purposes.
Based in Toronto, Nuinsco is a mineral exploration company focused on nickel, uranium, copper, zinc and gold.
| Issuer: | Nuinsco Resources Ltd.
|
| Issue: | Stock
|
| Amount: | C$15,000,180
|
| Shares: | 19.231 million
|
| Price: | C$0.78
|
| Warrants: | No
|
| Underwriters: | Sprott Securities Inc., Octagon Capital Corp., Raymond James Ltd.
|
| Settlement date: | Dec. 21
|
| Stock symbol: | Toronto: NWI
|
| Stock price: | C$0.76 at close Dec. 21
|
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