Core Nickel Announces up to $252,000 Non-Brokered Private Placement Financing
Core Nickel Corp. (CSE: CNCO) has announced a proposed non-brokered private placement to raise up to $252,000. The offering consists of units priced at $0.175 each, with each unit comprising one common share and one warrant. The warrants allow holders to purchase an additional common share at $0.30 within 36 months of the closing date.
Proceeds from the offering will be used for general working capital expenses. The company may pay finders' fees to eligible finders, subject to compliance with securities laws and CSE policies. All securities issued will have a four-month and one-day hold period. Core Nickel plans to close this offering concurrently with its previously announced flow-through unit offering.
Core Nickel Corp. (CSE: CNCO) ha annunciato una proposta di collocamento privato non intermediato per raccogliere fino a $252.000. L'offerta consiste in unità prezzate a $0.175 ciascuna, con ogni unità che comprende un'azione comune e un warrant. I warrant permettono ai titolari di acquistare un'ulteriore azione comune a $0.30 entro 36 mesi dalla data di chiusura.
I proventi dell'offerta saranno utilizzati per spese generali di capitale circolante. L'azienda potrà pagare commissioni a cercatori idonei, in conformità con le normative sui titoli e le politiche della CSE. Tutti i titoli emessi avranno un periodo di blocco di quattro mesi e un giorno. Core Nickel prevede di chiudere questa offerta contemporaneamente con quella delle unità a flusso precedentemente annunciata.
Core Nickel Corp. (CSE: CNCO) ha anunciado una propuesta de colocación privada no intermediada para recaudar hasta $252,000. La oferta consiste en unidades valoradas en $0.175 cada una, con cada unidad compuesta por una acción ordinaria y una opción de compra. Las opciones permiten a los tenedores adquirir una acción ordinaria adicional a $0.30 dentro de 36 meses a partir de la fecha de cierre.
Los ingresos de la oferta se utilizarán para gastos generales de capital de trabajo. La empresa podrá pagar comisiones a buscadores elegibles, sujeto al cumplimiento de las leyes de valores y políticas de la CSE. Todos los valores emitidos tendrán un período de retención de cuatro meses y un día. Core Nickel planea cerrar esta oferta simultáneamente con la oferta de unidades de flujo previamente anunciada.
Core Nickel Corp. (CSE: CNCO)는 최대 $252,000을 조달하기 위한 브로커 없는 사모 배정을 제안했습니다. 이 제안은 각 $0.175로 가격이 책정된 유닛으로 구성되며, 각 유닛은 일반주식 하나와 워런트 하나로 구성됩니다. 워런트는 보유자가 마감일로부터 36개월 이내에 추가 일반주식을 $0.30에 구매할 수 있게 해줍니다.
이 제안의 수익금은 일반 운영자본 비용에 사용됩니다. 회사는 해당 증권법과 CSE 정책을 준수하는 조건 하에 적격 중개인에게 수수료를 지급할 수 있습니다. 발행되는 모든 증권은 4개월 1일의 보유 기간이 적용됩니다. Core Nickel은 이전에 발표된 플로우스루 유닛 제안과 concurrently하게 이 제안을 마감할 계획입니다.
Core Nickel Corp. (CSE: CNCO) a annoncé une proposition de placement privé sans courtier pour lever jusqu'à 252 000 $. L'offre se compose d'unités au prix de 0,175 $ chacune, chaque unité comprenant une action ordinaire et un bon de souscription. Les bons de souscription permettent aux détenteurs d'acheter une action ordinaire supplémentaire à 0,30 $ dans un délai de 36 mois à compter de la date de clôture.
Les revenus de l'offre seront utilisés pour les frais de fonds de roulement généraux. La société peut verser des commissions à des intermédiaires éligibles, sous réserve du respect des lois sur les valeurs mobilières et des politiques de la CSE. Tous les titres émis auront un période de blocage de quatre mois et un jour. Core Nickel prévoit de clôturer cette offre en même temps que son offre d'unités de flux précédemment annoncée.
Core Nickel Corp. (CSE: CNCO) hat eine vorgeschlagene nicht vermittelte Privatplatzierung angekündigt, um bis zu $252,000 zu sammeln. Das Angebot besteht aus Einheiten, die jeweils zu einem Preis von $0.175 angeboten werden, wobei jede Einheit eine Stammaktie und ein Warrant umfasst. Die Warrants erlauben den Inhabern, innerhalb von 36 Monaten nach dem Abschlussdatum eine zusätzliche Stammaktie zu einem Preis von $0.30 zu erwerben.
Die Erlöse aus dem Angebot werden für allgemeine Betriebskosten verwendet. Das Unternehmen kann berechtigten Vermittlern Gebühren zahlen, vorausgesetzt, sie sind mit den Wertpapiergesetzen und den CSE-Richtlinien konform. Alle ausgegebenen Wertpapiere unterliegen einer Verschlussfrist von vier Monaten und einem Tag. Core Nickel plant, dieses Angebot zeitgleich mit dem zuvor angekündigten Flow-Through-Einheitenangebot zu schließen.
- Potential to raise up to $252,000 in additional capital
- 36-month warrant exercise period provides long-term funding potential
- Concurrent closing with previously announced flow-through offering may increase total funds raised
- Potential dilution of existing shareholders' ownership
- Warrant exercise price of $0.30 is significantly higher than the unit price, which may limit future capital raised through warrant exercises
Saskatoon, Saskatchewan--(Newsfile Corp. - October 10, 2024) - Core Nickel Corp. (CSE: CNCO) ("Core Nickel" or the "Company") announces that it proposes to undertake an up to
The proceeds received from the sale of the Units will be used to fund general working capital expenses. The Company may pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the CSE.
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.
The Company anticipates that it will close this Offering concurrent with the closing of its flow-through unit offering which was previously disclosed in its September 23, 2024 news releases.
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/10145/226340_21c6d90a44cbc870_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/226340
FAQ
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