Core Nickel Announces up to $1,500,000 Flow-through Private Placement Financing
Core Nickel Corp. (CSE: CNCO) announces a proposed $1,500,000 non-brokered private placement of flow-through units at $0.30 per unit. Each unit includes one flow-through share and one warrant to purchase a non-flow-through share at $0.30 within 36 months. Proceeds will fund Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures for the company's Thompson Nickel Belt properties in Manitoba.
Core Nickel's assets include the Mel Deposit Project, 25 km from Vale's Thompson Mill Complex, with a historic indicated resource of 4.3 million tonnes at 0.88% nickel and inferred 1.0 million tonnes at 0.84% nickel. The Halfway Lake Project, 15 km from the Bucko Mill, recently yielded promising drill results, including 91 metres at 0.37% nickel.
The company will pay finders' fees and may involve insider participation. Securities issued will have a four-month hold period.
Core Nickel Corp. (CSE: CNCO) annuncia un collocamento privato non intermediato di 1.500.000 dollari di unità flow-through a 0,30 dollari per unità. Ogni unità comprende una azione flow-through e un warrant per acquistare un'azione non-flow-through a 0,30 dollari entro 36 mesi. I proventi finanzieranno le spese di esplorazione canadese che si qualificano come spese minerarie critiche flow-through per le proprietà della compagnia nel Thompson Nickel Belt in Manitoba.
Le attività di Core Nickel includono il Mel Deposit Project, situato a 25 km dal Thompson Mill Complex di Vale, con una risorsa storica indicata di 4,3 milioni di tonnellate all'0,88% di nichel e 1,0 milione di tonnellate inferite all'0,84% di nichel. Il Halfway Lake Project, a 15 km dal Bucko Mill, ha recentemente fornito risultati promettenti con perforazioni, inclusi 91 metri all'0,37% di nichel.
L'azienda pagherà commissioni per i trovatori e potrebbe coinvolgere partecipazioni di persone interne. I titoli emessi avranno un periodo di blocco di quattro mesi.
Core Nickel Corp. (CSE: CNCO) anuncia una colocación privada no intermediada de $1,500,000 en unidades flow-through a $0.30 por unidad. Cada unidad incluye una acción flow-through y una opción de compra de una acción no-flow-through a $0.30 dentro de 36 meses. Los ingresos financiarán los gastos de exploración en Canadá que califiquen como gastos de minería de minerales críticos flow-through para las propiedades de la empresa en el cinturón de níquel de Thompson en Manitoba.
Los activos de Core Nickel incluyen el Mel Deposit Project, ubicado a 25 km del complejo de Thompson Mill de Vale, con un recurso histórico indicado de 4.3 millones de toneladas al 0.88% de níquel y 1.0 millón de toneladas inferidas al 0.84% de níquel. El Halfway Lake Project, a 15 km del Bucko Mill, recientemente arrojó resultados prometedores de perforación, incluyendo 91 metros al 0.37% de níquel.
La empresa pagará honorarios a los localizadores y podría involucrar participación de personas internas. Los valores emitidos tendrán un período de restricción de cuatro meses.
코어 니켈 코퍼레이션(CSE: CNCO)은 150만 달러 규모의 비중개 사모 투자를 제안합니다. 단위당 0.30달러로 플로우스루 단위를 판매합니다. 각 단위는 하나의 플로우스루 주식과 36개월 이내에 0.30달러에 비플로우스루 주식을 구매할 수 있는 워런트를 포함합니다. 수익금은 매니토바의 톰슨 니켈 벨트 소속 회사의 플로우스루 중요 광물 채굴 비용으로 인정받는 캐나다 탐사 비용을 충당하는 데 사용됩니다.
코어 니켈의 자산에는 25km 떨어진 밸(Vale)의 톰슨 밀 복합체에 위치한 멜 매장 프로젝트가 포함되며, 이는 0.88% 니켈의 역사적 예상 자원이 430만 톤, 0.84% 니켈의 추정 자원이 100만 톤에 해당합니다. 할프웨이 레이크 프로젝트는 벅코 밀에서 15km 떨어져 있으며, 최근 0.37%의 니켈을 포함한 91미터의 유망한 시추 결과를 얻었습니다.
회사는 중개수수료를 지급하며 내부자의 참여 가능성이 있습니다. 발행된 증권은 4개월의 보유 기간이 있습니다.
Core Nickel Corp. (CSE: CNCO) annonce un placement privé non intermédié proposé de 1 500 000 $ d'unités flow-through à 0,30 $ par unité. Chaque unité comprend une action flow-through et un bon de souscription pour acheter une action non flow-through à 0,30 $ dans les 36 mois. Les produits serviront à financer les frais d'exploration au Canada qualifiant comme des dépenses minière critiques flow-through pour les propriétés de la société dans le Thompson Nickel Belt au Manitoba.
Les actifs de Core Nickel comprennent le Mel Deposit Project, situé à 25 km du complexe de la Thompson Mill de Vale, avec une ressource historique indiquée de 4,3 millions de tonnes à 0,88 % de nickel et une ressource inférée de 1,0 million de tonnes à 0,84 % de nickel. Le Halfway Lake Project, situé à 15 km de la Bucko Mill, a récemment produit des résultats de forage prometteurs, y compris 91 mètres à 0,37 % de nickel.
La société paiera des frais de recherche et pourrait impliquer la participation d'insiders. Les titres émis auront une période d'interdiction de quatre mois.
Core Nickel Corp. (CSE: CNCO) kündigt eine geplante nicht vermittelte Privatplatzierung über 1.500.000 $ an Flow-Through-Einheiten zu 0,30 $ pro Einheit an. Jede Einheit umfasst eine Flow-Through-Aktie und ein Warrant zum Kauf einer Nicht-Flow-Through-Aktie zu 0,30 $ innerhalb von 36 Monaten. Die Einnahmen werden verwendet, um die kanadischen Erkundungskosten zu finanzieren, die als Flow-Through-Ausgaben für kritische Mineralienbergbau gelten, für die Thompson Nickel Belt-Eigentümer des Unternehmens in Manitoba.
Die Vermögenswerte von Core Nickel umfassen das Mel Deposit Project, das 25 km vom Thompson Mill Complex von Vale entfernt ist, mit einer historischen angezeigten Ressource von 4,3 Millionen Tonnen zu 0,88% Nickel und einer geschätzten Ressource von 1,0 Million Tonnen zu 0,84% Nickel. Das Halfway Lake Project, 15 km vom Bucko Mill entfernt, hat kürzlich vielversprechende Bohrergebnisse geliefert, einschließlich 91 Meter mit 0,37% Nickel.
Das Unternehmen wird Findergebühren zahlen und könnte Insiderbeteiligungen einbeziehen. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltedauer.
- Raising up to $1,500,000 through flow-through private placement
- Mel Deposit Project has a historic indicated resource of 4.3 million tonnes at 0.88% nickel
- Halfway Lake Project drill results show 91 metres at 0.37% nickel
- Projects located near existing mill complexes in Thompson Nickel Belt
- Potential shareholder dilution from new share issuance
- Mel Deposit has not been drilled since 2011
Saskatoon, Saskatchewan--(Newsfile Corp. - September 23, 2024) - Core Nickel Corp. (CSE: CNCO) ("Core Nickel" or the "Company") announces that it proposes to undertake an up to
The gross proceeds received from the sale of the FT Units will be used to fund "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's properties in the Thompson Nickel Belt, Manitoba on or before December 31, 2025, and the Company will renounce all of the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2024.
The Company's
The Company also owns
The Company will pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the CSE.
Certain directors of the Company (the "Insiders") may acquire securities in connection with the Offering. Such participation by Insiders is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects that it will be exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders' acquisition of securities in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the aggregate number of securities acquired by the Insiders will not exceed
All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the CSE and applicable securities laws.
About Core Nickel
Core Nickel Corp. is a junior nickel exploration company that controls
Core Nickel has a large contiguous land package in the northern part of the TNB, situated approximately 16-20 km from the City of Thompson. Core Nickel's northern TNB projects consist of three properties: Mel, Hunter, and Odei River. The Mel property encompasses the Mel deposit, which is characterized by a historical NI-43-101 resource estimate with an indicated resource of 4.3 million tonnes at
Map: Core Nickel's Thompson Nickel Belt Properties
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10145/224189_6ae1cff414428821_001full.jpg
The Company also holds two properties in the central TNB near Wabowden: Halfway Lake and Resting Lake. Both properties host the target Pipe Formation associated with known elevated nickel mineralization and are proximal to existing nickel deposits, mills, and other infrastructure.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Caitlin Glew, P. Geo., Vice-President Exploration for Core Nickel Corp., who has reviewed and approved its contents.
References
1 "Technical Report on the Mel Deposit, Northern Manitoba" prepared for Victory Nickel Inc, Shane Naccashian (P. Geo.) of Wardrop Engineering Inc., March 9, 2007
Technical Disclosure
The historical results contained within this news release have been captured from Manitoba Integrated Mining and Quarrying System ("iMaQs") as available and may be incomplete or subject to minor location inaccuracies. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties.
On behalf of the Board of Directors
"Misty Urbatsch"
Misty Urbatsch
CEO, President and Director
Core Nickel Corp.
Contacts:
Misty Urbatsch, CEO and President
Tel: 306-668-6927
Email: murbatsch@corenickel.com
General Enquiry
Tel: 306-668-6927
Email: info@corenickel.com
Also find us online:
Website: www.corenickel.com
X: https://x.com/CoreNickel
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224189
FAQ
What is the size and price of Core Nickel's (CNCOF) proposed private placement?
What are the terms of the warrants included in Core Nickel's (CNCOF) flow-through units?
What are the historic resource estimates for Core Nickel's (CNCOF) Mel Deposit Project?
What were the recent drill results from Core Nickel's (CNCOF) Halfway Lake Project?
