CNC is BrilliantThey pulled this financing off while thev LME was closed. Well done!
CANADA NICKEL ANNOUNCES UPSIZE OF BOUGHT DEAL PUBLIC OFFERING TO C$45.0 MILLION
Due to significant investor demand, Canada Nickel Company Inc. has agreed to amend its agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that includes Clarksons Platou Securities AS, to increase the size of the company's previously announced offering from $25-million to $45-million. Under the revised offering, the underwriters have agreed to purchase for resale the following equity securities of the company on a bought deal basis to raise aggregate gross proceeds to the company of $45-million:
- 8,325,806 common shares of the company at a price of $3.10 per common share;
- 3,424,658 flow-through shares of the company to be sold to traditional flow-through purchasers at a price of $3.65 per traditional FT share;
- 1.5 million FT shares to be sold to charitable purchasers at a price of $4.46 per charity FT share