By Devika Patel
Knoxville, Tenn., June 4 - Niocan Inc. said it took in C$1.08 million from a private placement of stock.
The company sold 1.8 million common shares at C$0.60 per share.
Proceeds will be added to the company's cash position and for its future working capital needs.
Niocan is a Montreal-based niobium exploration company.
| Issuer: | Niocan Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.08 million
|
| Shares: | 1.8 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Settlement date: | June 6
|
| Stock symbol: | Toronto: NIO
|
| Stock price: | C$0.53 at close June 5
|
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