- Flying Nickel (FLYN) has announced a non-brokered private placement to raise aggregate gross proceeds of up to $800,000
- The offering will consist of up to 5 million units priced at $0.16 per unit
- Proceeds will be used for the 7,081-meter Minago PGM assay program
- Flying Nickel is a mineral exploration company
- Flying Nickel Mining Corp. (FLYN) opened trading at C$0.185
Flying Nickel (FLYN) has announced a non-brokered private placement to raise aggregate gross proceeds of up to $800,000.
The company will issue up to 5 million units priced at $0.16 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of $0.20 per share for three years.
The securities issued will be subject to a statutory hold period of four months.
The offering is scheduled to close on or about February 15, 2023.
Proceeds will be used for the 7,081-meter (from 97 drill holes) Minago PGM assay program and general corporate purposes.
Flying Nickel is a mineral exploration company with an interest in the Minago Project in Manitoba.
Flying Nickel Mining Corp. (FLYN) opened trading at C$0.185.