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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 jplaneon Nov 15, 2010 7:00pm
670 Views
Post# 17709718

RE: RE: RE: RE: RE: RE: Did i miss the Boat?

RE: RE: RE: RE: RE: RE: Did i miss the Boat?Just checked to be sure but a PP can be done on a best efforts basis in which a minimum sale of shares is usually guaranteed by the underwriter . With your bought deal the entire amount of shares has already been spoken for - in our case it was a syndicate of investors led by Desjardin securities. The shares weren't trading at $1.50 at the time of the announcement but did reach $1.50 by the time the closing date was reached and the deal went forward. FNI management forcasted a $5/lb cost but never delivered at under $10/lb.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities