Securities sold to finance company's projects in Greenland and Canada
By Devika Patel
Knoxville, Tenn., May 14 - North American Nickel Inc. said it will take in C$3.4 million through a non-brokered private placement of units.
The company will sell 20 million units of one common share and a half-share warrant at C$0.17 per unit to Sentient Group GP IV.
The whole warrants will each be exercisable at C$0.21 for two years, which is a 31.25% premium to the May 11 closing share price of C$0.16.
Proceeds will be used to advance the company's projects in Greenland and Canada and provide additional working capital.
North American Nickel is a natural resource explorer based in Vancouver, B.C.
| Issuer: | North American Nickel Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$3.4 million
|
| Units: | 20 million
|
| Price: | C$0.17
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.21
|
| Agent: | Non-brokered
|
| Investor: | Sentient Group GP IV
|
| Pricing date: | May 14
|
| Stock symbol: | TSX Venture: NAN
|
| Stock price: | C$0.16 at close May 11
|
| Market capitalization: | C$9.08 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
