Non-brokered offering sells 3,274,000 shares at C$0.51 per share
By Devika Patel
Knoxville, Tenn., July 21 – Royal Nickel Corp. said it settled a C$1.67 million non-brokered private placement of stock. The deal priced for C$2.02 million on July 11.
The company sold 3,274,000 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.
Proceeds will be used for exploration.
The nickel explorer is based in Toronto.
Issuer: | Royal Nickel Corp.
|
Issue: | Flow-through common shares
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Amount: | C$1,669,740
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Shares: | 3,274,000
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Price: | C$0.51
|
Warrants: | No
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Agent: | Non-brokered
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Pricing date: | July 11
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Settlement date: | July 21
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Stock symbol: | Toronto: RNX
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Stock price: | C$0.43 at close July 8
|
Market capitalization: | C$101.34 million
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