- Nickel North Exploration (NNX) has closed a private placement for gross proceeds of $508,000
- Under the final tranche, the company issued 750,000 units at $0.05 per unit for gross proceeds of $37,500
- Nickel North has launched a new non-brokered private placement offering for gross proceeds of up to $200,000
- The company will issue up to 2,666,666 flow-through units priced at $0.075 per FT unit
- Proceeds from the offering will be used for field exploration programs on the Hawk Ridge project in Quebec
- Nickel North Exploration is a Canada-based exploration company
- Nickel North Exploration Corp. (NNX) opened trading at C$0.045
Nickel North Exploration (NNX) has closed a private placement for gross proceeds of $508,000.
In the final tranche, the company issued 750,000 units at $0.05 per unit for gross proceeds of $37,500. Each unit consists of one common share and one common share purchase warrant. Each warrant may be used to acquire one additional share at an exercise price of $0.075 for a period of 2 years.
Warrants are subject to an acceleration clause.
All securities issued are subject to a four-month hold period.
Nickel North has launched a new non-brokered private placement offering of up to 2,666,666 flow-through units priced at $0.075 per FT Unit for gross proceeds of up to $200,000.
Each FT unit will consist of one share and one non-transferable share purchase warrant. Each FT warrant will entitle the holder to purchase one additional share for $0.10 for two years from issuance.
The FT private placement is subject to regulatory approval.
All securities issued will be subject to a four-month hold period.
Proceeds from the offering will be used for field exploration programs on the Hawk Ridge Ni-Cu-PGE-Co project in 2022.
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-Co-PGE mineral resource at its Hawk Ridge Project in Quebec.
Nickel North Exploration Corp. (NNX) opened trading at C$0.045.