Core Nickel Completes $2.5 Million Private Placement Financings
Core Nickel Corp. (CSE: CNCO) has successfully closed two non-brokered private placements, raising a total of $2,502,000. The company issued 7,500,000 flow-through units (FT Units) at $0.30 each, generating $2,250,000, and 1,440,000 non-flow-through units (NFT Units) at $0.175 each, raising $252,000. Company insiders participated, purchasing 66,000 units. The funds from FT Units will be used for exploration in the Thompson Nickel Belt, Manitoba, while NFT Units proceeds will cover general working capital.
Core Nickel's key projects include the Mel Deposit Project, located 25 km from Vale's Thompson Mill Complex, with a historic indicated resource of 4.3 million tonnes at 0.88% nickel. The company also owns the Halfway Lake Project, where recent drilling intersected 91 metres grading 0.37% nickel, indicating potential for higher-grade massive sulphide zones.
Core Nickel Corp. (CSE: CNCO) ha concluso con successo due collocamenti privati non intermediati, raccogliendo un totale di $2.502.000. L'azienda ha emesso 7.500.000 unità flow-through (FT Units) a $0,30 ciascuna, generando $2.250.000, e 1.440.000 unità non flow-through (NFT Units) a $0,175 ciascuna, raccogliendo $252.000. I dirigenti aziendali hanno partecipato, acquistando 66.000 unità. I fondi provenienti dalle FT Units saranno utilizzati per esplorazioni nel Thompson Nickel Belt, in Manitoba, mentre i proventi delle NFT Units copriranno il capitale operativo generale.
I principali progetti di Core Nickel includono il Mel Deposit Project, situato a 25 km dal complesso minerario di Vale a Thompson, con una risorsa indicata storica di 4,3 milioni di tonnellate allo 0,88% di nichel. L'azienda possiede anche il Halfway Lake Project, dove recenti perforazioni hanno incrociato 91 metri con un contenuto dello 0,37% di nichel, indicando potenziale per zone massive di solfuri di qualità superiore.
Core Nickel Corp. (CSE: CNCO) ha cerrado con éxito dos colocaciones privadas no intermediadas, recaudando un total de $2,502,000. La empresa emitió 7,500,000 unidades flow-through (FT Units) a $0.30 cada una, generando $2,250,000, y 1,440,000 unidades no flow-through (NFT Units) a $0.175 cada una, recolectando $252,000. Los miembros de la empresa participaron, comprando 66,000 unidades. Los fondos de las FT Units se utilizarán para la exploración en el Thompson Nickel Belt, Manitoba, mientras que los ingresos de las NFT Units cubrirán el capital de trabajo general.
Los proyectos clave de Core Nickel incluyen el Mel Deposit Project, ubicado a 25 km del complejo Thompson de Vale, con un recurso indicado histórico de 4.3 millones de toneladas al 0.88% de níquel. La empresa también posee el Halfway Lake Project, donde perforaciones recientes intersectaron 91 metros con una ley de 0.37% de níquel, indicando potencial para zonas masivas de sulfuros de mayor grado.
코어 니켈 코프(CSE: CNCO)는 두 건의 비중개 사모를 성공적으로 마감하며 총 $2,502,000을 조달했습니다. 회사는 각각 $0.30의 가격에 7,500,000개의 플로우쓰루 유닛(FT Units)을 발행하여 $2,250,000을 생성하였고, 1,440,000개의 논 플로우쓰루 유닛(NFT Units)을 $0.175에 발행하여 $252,000을 모금하였습니다. 회사 내부자들은 66,000개의 유닛을 구매하여 참여했습니다. FT Units에서 얻은 자금은 매니토바 주의 탐슨 니켈 벨트에서의 탐사에 사용될 예정이며, NFT Units의 수익은 일반 운영 자본을 충당하는 데 사용됩니다.
코어 니켈의 주요 프로젝트에는 멜 매장 프로젝트가 있으며, 이는 베일의 탐슨 밀 복합체에서 25km 떨어진 곳에 위치하고 있고, 역사적으로 4.3백만 톤의 자원이 0.88% 니켈로 보고되었습니다. 회사는 또한 최근 시추에서 0.37%의 니켈 함량을 가진 91미터를 발견한 하프웨이 레이크 프로젝트를 소유하고 있으며, 이를 통해 고등급 대규모 황화광대의 잠재력이 있음을 나타냅니다.
Core Nickel Corp. (CSE: CNCO) a réussi à finaliser deux placements privés non-intermédiés, levant un total de $2,502,000. La société a émis 7,500,000 unités flow-through (FT Units) au prix de 0,30 $ chacune, générant 2,250,000 $, et 1,440,000 unités non flow-through (NFT Units) au prix de 0,175 $ chacune, levant 252,000 $. Des membres du personnel de l'entreprise ont participé en achetant 66,000 unités. Les fonds des FT Units seront utilisés pour l'exploration dans le Thompson Nickel Belt, au Manitoba, alors que les produits des NFT Units couvriront le fonds de roulement général.
Les projets clés de Core Nickel incluent le Mel Deposit Project, situé à 25 km du complexe de Vale à Thompson, avec une ressource historique indiquée de 4,3 millions de tonnes à 0,88 % de nickel. L'entreprise possède également le Halfway Lake Project, où des forages récents ont intersecté 91 mètres avec une teneur de 0,37 % de nickel, indiquant un potentiel pour des zones massives de sulfures de plus haute teneur.
Core Nickel Corp. (CSE: CNCO) hat erfolgreich zwei nicht vermittelte Privatplatzierungen abgeschlossen und insgesamt $2.502.000 gesammelt. Das Unternehmen hat 7.500.000 Flow-Through-Einheiten (FT Units) zu je $0,30 ausgegeben, was $2.250.000 einbrachte, sowie 1.440.000 Nicht-Flow-Through-Einheiten (NFT Units) zu je $0,175, wodurch $252.000 gesammelt wurden. Unternehmensinsider haben 66.000 Einheiten gekauft. Die Mittel aus den FT Units werden für Erkundungen im Thompson Nickel Belt in Manitoba verwendet, während die Einnahmen aus den NFT Units allgemeine Betriebskosten decken werden.
Die Schlüsselprojekte von Core Nickel umfassen das Mel Deposit Project, das sich 25 km vom Thompson Mill Complex von Vale entfernt befindet und eine historische, angezeigte Ressource von 4,3 Millionen Tonnen mit 0,88% Nickel aufweist. Das Unternehmen besitzt auch das Halfway Lake Project, wo kürzliche Bohrungen 91 Meter mit 0,37% Nickelgehalt durchschlugen und auf das Potenzial für hochgradige massive Sulfid-Zonen hindeuten.
- Successful completion of $2.5 million private placement financings
- Funds raised for exploration in the Thompson Nickel Belt and working capital
- Insider participation in the offering, demonstrating confidence
- Promising historic resource estimate at the Mel Deposit Project
- Encouraging drill results from the Halfway Lake Project
- Securities issued are subject to a hold period until February 19, 2025
Saskatoon, Saskatchewan--(Newsfile Corp. - October 18, 2024) - Core Nickel Corp. (CSE: CNCO) ("Core Nickel" or the "Company") is pleased to announce that it has closed its two non-brokered private placements previously announced on September 23, 2024, as increased on September 23, 2024 (with respect to the sale of flow-through units (the "FT Units")), and October 10, 2024 (with respect to the sale of non-flow-through units (the "NFT Units")). Under the FT Unit offering, the Company has issued 7,500,000 FT Units at a price of
Certain directors of the Company (the "Insiders") participated in the offering, purchasing an aggregate of 66,000 units. Participation by the 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 is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with Insiders' participation in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the Insiders' participation in the financing does not exceed
All securities issued under the private placements are subject to a hold period expiring February 19, 2025, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.
The gross proceeds received from the sale of the FT Units will be used for exploration programs on the Company's projects in the Thompson Nickel Belt, Manitoba. The net proceeds received from the sale of the NFT Units will be used for general working capital.
The Company's
The Company also owns
About Core Nickel
Core Nickel Corp. is a junior nickel exploration company that controls
Map: Core Nickel's Thompson Nickel Belt Properties
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10145/227156_coremap1.jpg
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
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 | General Enquiry |
| Tel: 306-668-6927 | Tel: 306-668-6927 |
| Email: murbatsch@corenickel.com | 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/227156
FAQ
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