Nickel Creek Platinum Corp T.NCP

New Press Release - NICKEL CREEK PLATINUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/OAKVILLE, ON, Sept. 12, 2024 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is...read article.

[Odinson]

Well folks, there you have it! First a consolidation, (reverse split) then a further dilution with another "private placement" which interestingly enough largely falls into the hands of those in control of the company.  Rinse and repeat as necessary!

[Heywood_Silvers]

A couple of observations: 1)  The raise was done at current market prices, which is at least not a bad sign. 2)  Electrum continues to backstop this company and as such is being given the opportunity to take the lion's share of the private placement.  This benefits them as if they attempted to purchase the same amount of shares in the open marke it would push the share price

[Odinson]

I am ready for it!!! I've been sitting in a pail of a mixture of Prep H and Vaseline for over a year now while watching this!!!