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  • Class 1 Nickel and Technologies (NICO) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
  • The company will issue up to 4,000,000 common shares at $0.25 per share
  • Class 1 Nickel and Technologies Limited is a mineral resource company
  • Class 1 Nickel and Technologies Ltd. was up 23.08 per cent, trading at $0.16 at 10:34 ET

Class 1 Nickel and Technologies (NICO) has announced a non-brokered private placement gross proceeds of up to $1,000,000.

The company will issue up to 4,000,000 common shares at $0.25 per share.

President of the company, David Fitch, has committed to fully funding the private placement, which remains subject to the receipt of all regulatory approvals.

Class 1 Nickel and Technologies Limited is a mineral resource company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite-hosted magmatic nickel-copper-cobalt sulphide Mineral Resources located near the City of Timmins, Ontario.

The corporation also owns the Somanike komatiite-hosted nickel-copper sulphide property in Quebec, which includes the famous Marbridge Nickel Mine, as well as additional property interests.

Class 1 Nickel and Technologies Ltd. was up 23.08 per cent, trading $0.16 at 10:34 ET.

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