NAN.V News Mr. Mark Fedikow reports
NORTH AMERICAN NICKEL ANNOUNCES THE SENTIENT GROUP EXERCISES WARRANTS
The Sentient Group has exercised 18,276,199 common share purchase warrants of North American Nickel Inc. at a price of 21 cents per unit for aggregate gross proceeds of up to $3,838,001.79, representing approximately 14.96 per cent of the outstanding common shares of NAN.
Taking into account the exercise of the NAN warrants, Sentient now owns over 54,828,598 NAN shares, representing approximately 39.04 per cent of the 140,456,084 issued NAN shares.
The issued and outstanding common shares of NAN is 148,464,084. Following this transaction, NAN will have an updated cash position of $7.5-million.
Rick Mark, chief executive officer of North American Nickel, states: "We are very pleased that our strategic partner, The Sentient Group, has chosen to exercise all of their warrants today. Their commitment to the company and to our 100-per-cent-owned Maniitsoq [nickel-copper-cobalt-platinum-group-metals] project in southwest Greenland is clear. They are engaged with management regularly, and bring their experience and world view to bear in the planning and execution at Maniitsoq."
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