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Victory Nickel Inc Completes $2.2 million Private Placement

Friday, 22 Mar 2013 10:01am EDT 

Victory Nickel Inc announced that it has completed a non-brokered private placement of 44,178,500 common shares with A&M International Ltd. (A&M), for aggregate gross proceeds of $2,208,925. As a result of the Private Placement, A&M owns approximately 9.9% of Victory Nickel's outstanding common shares. A&M is based in London, UK and is a member company of AMIDT Group, a privately-held company that is focused on the physical production, engineering and trading of ferrous and non-ferrous metals, minerals, chemicals, alloys and scraps. Headquartered in Dubai, UAE, AMIDT Group has, through the acquisition of interests in production assets in mining, smelting, refining and processing, evolved from a pure physical commodity marketing company into a diversified natural resources group. 

Latest Developments for Victory Nickel Inc

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-0.01 -1.96%
11:15am EDT