Source: Mining Review Africa.
  • Premium Nickel Resources (PNRL) has closed a brokered private placement for gross proceeds of C$7,765,072
  • Under the offering, the company issued 4,437,184 common shares at a price of $1.75 per common share
  • The company plans to use the net proceeds from the offering to support the ongoing exploration and redevelopment work on its flagship Botswana assets
  • Premium Nickel Resources Ltd. is a mineral exploration and development company focused on discovering and advancing high-quality nickel, copper and cobalt resources
  • Premium Nickel Resources Ltd. (PNRL) was down 3.448 per cent, trading at $1.68 per share at 10:17 AM ET

Premium Nickel Resources (PNRL) has closed a brokered private placement for gross proceeds of C$7,765,072.

Under the offering, the company issued 4,437,184 common shares at a price of $1.75 per share.

“The company is continuing financing strategies, along with this placement, to secure strong, long-term capital partners that will support our development while also obtaining favourable financing terms,” noted Keith Morrison, CEO.

Paradigm Capital Inc. acted as the lead agent and sole bookrunner of the offering on behalf of a syndicate of agents.

The company plans to use the net proceeds from the offering to support the ongoing exploration and redevelopment work on the company’s flagship Botswana assets, its 100-per-cent-owned Selebi and Selkirk mines, and for general corporate purposes.

All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

Premium Nickel Resources Ltd. is a mineral exploration and development company that focuses on discovering and advancing high-quality nickel, copper and cobalt resources.

Premium Nickel Resources Ltd. (PNRL) was down 3.448 per cent, trading at $1.68 per share at 10:17 AM ET.


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