Source: Mining Journal
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  • Class 1 Nickel and Technologies (NICO) has completed a non-brokered private placement for gross proceeds of $1,000,000
  • The company issued a total of 4,000,000 common shares for $0.25 per share
  • Mr. David Fitch, President of the company, has purchased all of the shares issued
  • Class 1 Nickel and Technologies Limited is a mineral resource company
  • Class 1 Nickel and Technologies Ltd. (NICO) is up 9.38 per cent on the day, trading at $0.175 at 1 pm ET

Class 1 Nickel and Technologies (NICO) has completed its previously announced non-brokered private placement for gross proceeds of $1,000,000.

The company issued a total of 4,000,000 common shares for $0.25 per share.

Mr. David Fitch, President of the company, has purchased all of the shares issued. 

Class 1 Nickel and Technologies is a mineral resource company focused on the development of its Alexo-Dundonald Property, a portfolio of komatiite-hosted magmatic nickel-copper-cobalt sulphide Mineral Resources located near Timmins, Ontario. Class 1 Nickel 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. (NICO) is up 9.38 per cent on the day, trading at $0.175 at 1 pm ET.

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