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Premium Resources Ltd V.PREM

Alternate Symbol(s):  PRMLF

Metals & Mining Copper
Premium Resources Ltd, formerly Premium Nickel Resources Ltd, is a mineral exploration and development company. The Company is focused on redeveloping its past-producing nickel, copper, and cobalt sulphide mines in the Republic of Botswana. Its Selebi Mine Project consists of a single 10-year mining license covering an area of 11,504 hectares located south of the town of Selebi Phikwe. The Selkirk Project is situated 28 kilometers (km) south-east of the city of Francistown, and 75 km north of the Selebi Mines. The Project consists of a mining license covering an area of 1,457 hectares (ha) and four prospecting licenses covering 12,670 ha. The Maniitsoq Project is a centered approximately 125 km north of Nuuk, the capital of Greenland, and consists of three contiguous mineral exploration licenses situated just east of the towns of Maniitsoq and Napasoq. The Post Creek and Halcyon projects are located 35 km northeast of Sudbury in Norman, Parkin, Alymer and Rathburn townships.


TSXV:PREM - Post by User

Premium Resources Ltd
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Post by Betteryear2on Jun 28, 2023 7:02pm
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Post# 35519528

Closing of Financing Transactions- Approximately CAD$34 M

Closing of Financing Transactions- Approximately CAD$34 MToronto, Ontario--(Newsfile Corp. - June 28, 2023) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") is pleased to announce that it has closed its previously announced financing with Cymbria Corporation (TSX: CYB) ("Cymbria"), EdgePoint Investment Group Inc. and certain other entities managed by it ("EdgePoint"), for aggregate gross proceeds of CAD$33,999,200. The financing included three concurrent and inter-conditional transactions (collectively the "Financing Transactions") comprised of an equity offering of units, a three year term loan and options to acquire a 0.5% net smelter returns royalty on the Company's Selebi and Selkirk mines in certain circumstances upon payment of further consideration (see news release dated June 13, 2023).

Premium Nickel Resources Ltd. Announces Closing of Financing Transactions Totalling Approximately CAD$34 Million (newsfilecorp.com)
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