Non-brokered offering sells 3.95 million shares at C$0.51 per share
By Devika Patel
Knoxville, Tenn., July 11 – Royal Nickel Corp. said it plans a C$2.02 million non-brokered private placement of stock.
The company will sell 3.95 million flow-through common shares at C$0.51 apiece. The price per share is an 18.61% premium to the July 8 closing share price of C$0.43.
Settlement is expected July 20.
Proceeds will be used for exploration.
The nickel explorer is based in Toronto.
| Issuer: | Royal Nickel Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2,014,500
|
| Shares: | 3.95 million
|
| Price: | C$0.51
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 11
|
| Settlement date: | July 20
|
| Stock symbol: | Toronto: RNX
|
| Stock price: | C$0.43 at close July 8
|
| Market capitalization: | C$103.4 million
|
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