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Fathom Nickel (CSE:FNI) closes private placement

 John Ballem John Ballem , The Market Herald Canada
0 Comments| January 3, 2023

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  • Fathom Nickel (FNI) has closed a non-brokered offering of flow-through shares for gross proceeds of $1,644,700
  • The company issued 27,411,667 flow-through common shares for $0.06 per share
  • Gross proceeds will be used for exploration expenses at the company’s Albert Lake and Gochager Lake projects in Saskatchewan
  • Fathom Nickel is a resource exploration and development company
  • Fathom Nickel Inc. (FNI) opened trading at C$0.06

Fathom Nickel (FNI) has closed its previously-announced non-brokered offering of flow-through shares for gross proceeds of $1,644,700.

The company issued 27,411,667 flow-through common shares for $0.06 per share.

Gross proceeds will be used for exploration expenses at the company’s Albert Lake Project and the Gochager Lake Project, located in Saskatchewan.

The company has paid a cash commission of $107,784.60 and issued 1,778,910 broker warrants to eligible finders.

Fathom Nickel is a resource exploration and development company that is targeting high-grade nickel sulphide discoveries for use in the rapidly growing global electric vehicle market.

Fathom Nickel Inc. (FNI) opened trading at C$0.06.




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