RE:RE:Latest SEDAR Filing Addresses Some Concerns
Just pulled this off Sedar -- seems to be working fine
A copy of this preliminary short form prospectus has been filed with the securities regulatory authorities in each of the provinces of Canada but has not yet become final for the purpose of the sale of securities. Information contained in this preliminary short form prospectus may not be complete and may have to be amended. The securities may not be sold until a receipt for the short form prospectus is obtained from the securities regulatory authorities.No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise.The securities offered hereby have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States of America, its territories, possessions or the District of Columbia (the “United States”), and may not be offered, sold or delivered, directly or indirectly, in the United States unless exemptions from the registration requirements of the U.S. Securities Act and any applicable securities laws of any state of the United States are available. This preliminary short form prospectus does not constitute an offer to sell or a solicitation or an offer to buy any of the securities offered hereby within the United States. See “Plan of Distribution”. Information has been incorporated by reference in this prospectus from documents filed with securities commissions or similar authorities in Canada. Copies of the documents incorporated herein by reference may be obtained on request without charge from the Chief Financial Officer of Royal Nickel Corporation, at its head office at 141 Adelaide Street West, Suite 1608, Toronto, ON M5H 3L5, telephone (416) 363-0649, and are also available electronically on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com.PRELIMINARY SHORT FORM PROSPECTUS New Issue August 30, 2019ROYAL NICKEL CORPORATION$18,000,00045,000,000 COMMON SHARESThis short form prospectus (this “Prospectus”) qualifies the distribution (the “Offering”) of 45,000,000 common shares (“Common Shares”, and the Common Shares offered under this Prospectus being the “Offered Shares”) of Royal Nickel Corporation (“RNC” or the “Company”) at a price of $0.40 (the “Offering Price”) per Offered Share pursuant to an underwriting agreement between the Company and Haywood Securities Inc. (the “Lead Underwriter”) and CIBC World Markets Inc. (together with the Lead Underwriter, the “Underwriters”) dated as of August 30, 2019 (the “Underwriting Agreement”). $0.40per Offered SharePrice to the PublicUnderwriters’Fee(1)(2)(3)Net Proceeds to the Company(3)Per Offered Share$0.40$0.024$0.376Total(3)$18,000,000$1,080,000$16,920,000Notes(1)The Company has agreed to pay the Underwriters a cash commission (the “Underwriters’ Fee”) equal to 6% of the aggregate purchase price paid by the Underwriters to the Company for the Offered Shares. See “Plan of Distribution”. (2)After deducting the Underwriters’ Fee but before deducting expenses of the Offering, estimated to be approximately $340,000. The Underwriters’ Fee will be paid to the Underwriters from the proceeds of the Offering on the Closing Date (as