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/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.
TORONTO, Feb. 2, 2024 /CNW/ - NiCAN Limited. (TSXV: NICN) ("NiCAN" or the "Company") is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. ("Stifel"), in connection with a "bought deal" private placement offering consisting of (i) 3,000,000 common shares (the "Common Shares") of the Company at a price of $0.10 per Common Share (the "Common Share Offering Price"); and (ii) 7,000,000 common shares that qualify as "flow through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "Flow Through Shares") at a price of $0.175 per Flow Through Share (the "Flow Through Share Offering Price") for aggregate gross proceeds of $1,525,000 (the "Offering"). NiCAN Announces Bought Deal Financing (newswire.ca)
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