Offering funds expenditures related to Victory Nickel, Victory Silica
By Devika Patel
Knoxville, Tenn., March 22 - Victory Nickel Inc. said it settled a C$2.21 million non-brokered private placement of stock with A&M International Ltd.
The company sold 44,178,500 common shares at C$0.05 apiece. The price per share is a 25% premium to the March 21 closing share price of C$0.04.
Proceeds will be used for expenditures related to Victory Nickel and Victory Silica and general corporate purposes.
Victory Nickel is a Toronto-based nickel company.
| Issuer: | Victory Nickel Inc.
|
| Issue: | Common shares
|
| Amount: | C$2,208,925
|
| Shares: | 44,178,500
|
| Price: | C$0.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | A&M International Ltd.
|
| Settlement date: | March 22
|
| Stock symbol: | Toronto: NI
|
| Stock price: | C$0.04 at close March 21
|
| Market capitalization: | C$16.08 million
|
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