First Nickel Completes $2 Million Private Placemen
I think this is good news that they managed 2 complete this offering at 0.18c in a couple of days. That shows confidence in the company. GLA
Press release from Marketwire
First Nickel Completes $2 Million Private Placement
Wednesday, June 01, 2011
TORONTO, ONTARIO--(Marketwire - June 1, 2011) -First Nickel Inc. ("First Nickel" or the "Company") (TSX:FNI) announces that it completed a private placement offering (the "Offering")of $2,046,000 through the issuance of 11,370,000 common shares of theCompany issued on a flow-through basis at a price of
.18 per share.
The net proceeds of the Offering will be used forfunding of the Company's exploration programs. The Company paid a 7%cash finder's fee to Pope & Company Limited and issued 795,900common share purchase warrants (the "Finder's Warrants")to Pope & Company Limited. Each Finder's Warrant is exercisableinto one common share of the Company at a price of
.18 per share untilMay 31, 2013.