- Fjordland (FEX) has closed its private placement for total gross proceeds of C$897,155
- It raised $182,650 gross through the non-brokered placement’s second and final tranche
- The company will allocate the proceeds toward qualified Canadian Exploration Expenses on its nickel properties in Quebec
- Fjordland Exploration is focused on the discovery of large-scale economic metal deposits in Canada
- Fjordland (FEX) is unchanged trading at $0.10 per share
Fjordland (FEX) has closed its private placement for total gross proceeds of C$897,155.
The company raised $182,650 gross through the non-brokered placement’s second and final tranche, issuing 1,405,000 flow-through common shares priced at $0.13.
The company will allocate the proceeds toward qualified Canadian Exploration Expenses on its nickel exploration properties in Quebec.
It is seeking to capitalize on nickel’s key role in the advancement of green technologies by establishing a reliable domestic supply.
Investors can expect an update in the near future about Fjordland’s ongoing drill program on its Renzy Nickel Project in Quebec, as well as the exploration planned for the remainder of 2022.
Fjordland Exploration is focused on the discovery of large-scale economic metal deposits in Canada.
Fjordland (FEX) is unchanged trading at $0.10 per share as of 10:41 am EST.