Source: Mining.com
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  • Nickel North Exploration (NNX) has closed a private placement for gross proceeds of $508,000
  • Under the final tranche, the company issued 750,000 units at $0.05 per unit for gross proceeds of $37,500
  • Nickel North has launched a new non-brokered private placement offering for gross proceeds of up to $200,000
  • The company will issue up to 2,666,666 flow-through units priced at $0.075 per FT unit
  • Proceeds from the offering will be used for field exploration programs on the Hawk Ridge project in Quebec
  • Nickel North Exploration is a Canada-based exploration company
  • Nickel North Exploration Corp. (NNX) opened trading at C$0.045

Nickel North Exploration (NNX) has closed a private placement for gross proceeds of $508,000.

In the final tranche, the company issued 750,000 units at $0.05 per unit for gross proceeds of $37,500. Each unit consists of one common share and one common share purchase warrant. Each warrant may be used to acquire one additional share at an exercise price of $0.075 for a period of 2 years.

Warrants are subject to an acceleration clause.

All securities issued are subject to a four-month hold period.

Nickel North has launched a new non-brokered private placement offering of up to 2,666,666 flow-through units priced at $0.075 per FT Unit for gross proceeds of up to $200,000.

Each FT unit will consist of one share and one non-transferable share purchase warrant. Each FT warrant will entitle the holder to purchase one additional share for $0.10 for two years from issuance.

The FT private placement is subject to regulatory approval.

All securities issued will be subject to a four-month hold period.

Proceeds from the offering will be used for field exploration programs on the Hawk Ridge Ni-Cu-PGE-Co project in 2022.

Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-Co-PGE mineral resource at its Hawk Ridge Project in Quebec.

Nickel North Exploration Corp. (NNX) opened trading at C$0.045.

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