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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Post by Stocks2Goon Mar 15, 2022 10:25am
292 Views
Post# 34514846

CNC is Brilliant

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
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