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Provider: Reuters Investment Profile

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Nickel North Exploration Corp Completes $2 Million Financing

Thursday, 28 Mar 2013 09:00am EDT 

Nickel North Exploration Corp announced that it has closed the $2-million private placement announced on February 19, 2013, with Sinotech (Hong Kong) Corporation Limited, an affiliate of Goldrock Resources Co., Ltd., the Company's shareholder. The Company issued 8,000,000 non-flow-through units (the Non-Flow-Through Units) at a price of $0.25 per Non-Flow-Through Unit for gross proceeds of $2,000,000 on a non-brokered basis. Each Non-Flow-Through Unit consists of one common share (each, a Common Share) of the Company, issued on a non-flow-through basis, and one half of one warrant (each whole warrant, a Warrant). Each Warrant is exercisable into one Common Share at a price of $0.35 per Common Share in the first year and at a price of $0.60 per Common Share in the second year. No finder`s fees are paid in relation to the closing of this financing. The securities issued under the offering are subject to a hold period expiring on July 29, 2013. 

Company Quote

17 Nov 2014