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Tartisan Nickel (CSE:TN) arranges flow-through financing and closes first tranche

Mining
CSE:TN
08 June 2021 09:45 (EDT)

Source: Tartisan Nickel

Tartisan Nickel Corp (TN) has arranged a $4,482,022.29 flow-through financing and has closed the first tranche of the financing.

The first tranche was comprised of 3,336,797 flow-through units priced at $0.57 per unit for an aggregate subscription price of $1,901,974.29.

Each unit comprises one flow-through share and one-half of one warrant. Each full warrant will entitle the holder to acquire one additional common share for a price of $0.85 for a period of 2 years from the closing date.

A finder’s commission of 6% cash and 6% brokers warrants will be paid to eligible agents.

The second tranche aggregate subscription price of $2,580,048 is scheduled to close on or about June 18, 2021.

The units issued under the flow-through financing are subject to a hold period expiring four months and one day from the closing date of the tranche.

Tartisan Nickel Corp. is a Canadian-based mineral exploration and development company that owns the Kenbridge Nickel Project in northwestern Ontario; the Sill Lake Silver Property in Sault Ste. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru. 

Tartisan Nickel Corp. (TN) opened trading at C$0.53 per share.

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