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Fathom Nickel (CSE:FNI) closes private placement

Market News, Mining
CSE:FNI
03 January 2023 08:30 (EDT)

Fathom Nickel (FNI) has closed its previously-announced non-brokered offering of flow-through shares for gross proceeds of $1,644,700.

The company issued 27,411,667 flow-through common shares for $0.06 per share.

Gross proceeds will be used for exploration expenses at the company’s Albert Lake Project and the Gochager Lake Project, located in Saskatchewan.

The company has paid a cash commission of $107,784.60 and issued 1,778,910 broker warrants to eligible finders.

Fathom Nickel is a resource exploration and development company that is targeting high-grade nickel sulphide discoveries for use in the rapidly growing global electric vehicle market.

Fathom Nickel Inc. (FNI) opened trading at C$0.06.


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