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First Nickel Inc. FNKLF

Metals & Mining Industrial Metals & Minerals
"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."


GREY:FNKLF - Post by User

First Nickel Inc.
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Comment by kirkland49on Oct 26, 2006 5:23pm
315 Views
Post# 11563693

RE: News On Stockwatch

RE: News On StockwatchNot much to explain... They (I assume) were part of the offering. .. "First Nickel Inc. (TSX:FNI) ("First Nickel") today completed its previously announced short form prospectus offering (the "Offering") of up to $10,000,000 in units of securities (each a "Unit") through Paradigm Capital Inc., MGI Securities Inc., and Raymond James Ltd. (the "Agents"). The Offering was fully subscribed, and the over-allotment option granted by First Nickel to the Agents to increase the size of the Offering by up to 15% was also exercised in full, resulting in gross proceeds to First Nickel of $11,500,000." They purchased enough that they have to register as owning more than 10%..? Nothing nefearious in it that I can see... Except they may be responsible for the huge supply of shares available. Kirkland49
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Dealroom for high-potential pre-IPO opportunities