Source: SPC Nickel.
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  • SPC Nickel (SPC) has announced a non-brokered private placement for proceeds of up to C$1,920,000
  • The company will use the proceeds to incur Canadian exploration expenses that qualify as flow-through mining expenditures as defined in the Income Tax Act of Canada
  • It is targeting a closing date of February 28, 2022
  • SPC Nickel explores for nickel, copper and platinum group metals in the world-class Sudbury Mining Camp
  • SPC Nickel (SPC) is up by 4.35 per cent trading at $0.12 per share

SPC Nickel (SPC) has announced a non-brokered private placement for proceeds of up to C$1,920,000.

The company will issue up to 9,523,810 charity flow-through units priced at $0.15 for proceeds of up to $1,420,000.

It will also offer 3,846,154 flow-through units priced at $0.13 for proceeds of up to $500,000.

Each charity flow-through unit consists of one flow-through common share and one-half of one share purchase warrant.

Each flow-through unit consists of one flow-through common share and one-half of one warrant.

Each warrant entitles the holder to purchase one common share (non-flow-through) for $0.18 for a period of 18 months from closing.

The company will use the proceeds to incur Canadian exploration expenses that qualify as flow-through mining expenditures as defined in the Income Tax Act of Canada.

It is targeting a closing date of February 28, 2022.

SPC Nickel explores for nickel, copper and platinum group metals in the world-class Sudbury Mining Camp.

SPC Nickel (SPC) is up by 4.35 per cent trading at $0.12 per share as of 10:19 am EST.

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