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North American Nickel Inc Closes First Tranche Of Its $7.05 Million Non-Brokered Private Placement


Monday, 22 Apr 2013 03:49pm EDT 

North American Nickel Inc announced that it has closed the first tranche of its previously announced non-brokered Private Placement (see NAN release, April 17, 2013). Gross proceeds of $4,458,345 were raised through the issue of 26,225,561 Units. Each Unit consists of one common share and one-half of a common share purchase Warrant. Each whole Warrant entitles the holder to purchase one common share at a price of C$0.21 per share, exercisable until April 22, 2015. All securities issued pursuant to the private placement are subject to a hold period and may not be traded until August 20, 2013 as to 15,931,149 Units, and August 23, 2013 as to 10,294,412 Units. The proceeds of this financing will be used to fund the Company's 2013 exploration and drill program for its highly prospective Maniitsoq Ni-Cu-Co-PGE project in southwest Greenland and general working capital purposes. 

Company Quote

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23 Oct 2014