Source: North American Nickel
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  • North American Nickel (NAN) has announced that it intends to complete a non-brokered private placement of units to raise up to $1.5 million
  • The placement will be available to eligible purchasers for up to 6,250,000 units at $0.24 per unit
  • Proceeds will be invested in Premium Nickel Resources, further mining exploration and activities at current projects, and general capital expenses
  • North American Nickel is a mineral exploration company whose principal business activity is the exploration of natural resource properties
  • North American Nickel (NAN) is down 7.41 per cent and is trading at C$0.25 per share 

North American Nickel (NAN) has announced that it intends to complete a non-brokered private placement of units to raise up to $1.5 million. 

The placement will be available to eligible purchasers for up to 6,250,000 units at $0.24 per unit and will be subject to a four-month and one-day hold period from the date of closing.

Each unit will consist of one common share and one half transferable common share purchase warrant.

The closing of the placement is subject to the approval of the TSX Venture Exchange.

Proceeds will be invested in Premium Nickel Resources, further mining exploration and activities at current projects, and general capital expenses. 

If at any time after the four-month period from the closing of the placement, the closing market price of the common shares on the TSXV is greater than $0.60 per share for ten consecutive trading days, the company may notify warrant holders that the warrants must be exercised within thirty calendar days from the date of the notice. 

North American Nickel is a mineral exploration company whose principal business activity is the exploration of natural resource properties.

The company operates in Canada, Greenland and the United States.

North American Nickel (NAN) is down 7.41 per cent and is trading at C$0.25 per share as of 11:32 am ET. 

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