- SPC Nickel Corp. (SPC) has closed the flow-through unit portion of its previously announced non brokered private placement for proceeds of $1,557,400
- The company issued an aggregate of 11,980,000 FT units at a price of $0.13 per unit
- The charity FT unit portion of the private placement is expected to close in the coming days
- SPC Nickel explores for nickel, copper and platinum group metals in the world-class Sudbury Mining Camp
- SPC Nickel (SPC) is down 6.90 per cent on the day, trading at C$0.135 per share at 1:15 pm EST
SPC Nickel Corp. (SPC) has closed the flow-through unit portion of its non brokered private placement for proceeds of $1,557,400.
The company issued an aggregate of 11,980,000 FT units at a price of $0.13 per unit. Each unit consists of one flow-through common share and one half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional non-flow-through common share at a price of $0.18 for a period of 18 months from closing.
A finder’s fee consisting of cash and broker warrants was paid to finders, including Haywood Securities Inc., Canaccord Genuity Corp., Leede Jones Gable Inc., Dundee Goodman Merchant Partners and 6132987 Ontario Inc.
The proceeds will be used to incur Canadian Exploration Expenses (“CEE”) that are “flow-through mining expenditures” on the company’s mineral properties.
The securities issued are subject to a four-month restricted resale period that expires on July 9, 2022.
Completion of the offering will be subject to all necessary approvals, including the approval of the TSXV.
The charity FT unit portion of the private placement is expected to close in the coming days.
SPC Nickel explores for nickel, copper and platinum group metals in the world-class Sudbury Mining Camp.
SPC Nickel (SPC) is down 6.90 per cent on the day, trading at C$0.135 per share at 1:15 pm EST.