Core Nickel Upsizes Flow-Through Private Placement Financing from $1,500,000 to $2,250,000
Core Nickel Corp. (CSE: CNCO) has announced an increase in its previously announced private placement offering. The company now plans to sell up to 7,500,000 flow-through units (FT Units) at a price of $0.30 per unit, aiming to raise gross proceeds of up to $2,250,000. This is an increase from the initially planned 5,000,000 FT Units with gross proceeds of $1,500,000. The decision to upsize the offering comes in response to higher-than-expected interest. All other terms of the offering remain unchanged from the company's earlier announcement on September 23, 2024. The offering is still subject to compliance with applicable securities laws and CSE policies.
Core Nickel Corp. (CSE: CNCO) ha annunciato un aumento nella sua offerta di collocamento privato precedentemente annunciata. La società prevede ora di vendere fino a 7.500.000 unità flow-through (FT Units) a un prezzo di 0,30 $ per unità, mirando a raccogliere proventi lordi fino a 2.250.000 $. Questo rappresenta un aumento rispetto ai 5.000.000 FT Units inizialmente previsti, con proventi lordi di 1.500.000 $. La decisione di incrementare l'offerta è stata presa in risposta a un interesse maggiore del previsto. Tutti gli altri termini dell'offerta rimangono invariati rispetto all'annuncio precedente della società del 23 settembre 2024. L'offerta è comunque soggetta al rispetto delle leggi sulle securities applicabili e delle politiche della CSE.
Core Nickel Corp. (CSE: CNCO) ha anunciado un aumento en su oferta de colocación privada previamente anunciada. La compañía ahora planea vender hasta 7,500,000 unidades flow-through (FT Units) a un precio de $0.30 por unidad, con el objetivo de recaudar ingresos brutos de hasta $2,250,000. Este es un aumento respecto a los 5,000,000 FT Units inicialmente planeados, con ingresos brutos de $1,500,000. La decisión de aumentar la oferta surge en respuesta a un interés mayor al esperado. Todos los demás términos de la oferta permanecen sin cambios con respecto al anuncio anterior de la compañía del 23 de septiembre de 2024. La oferta sigue siendo sujeta al cumplimiento de las leyes de valores aplicables y las políticas de la CSE.
Core Nickel Corp. (CSE: CNCO)는 이전에 발표한 사모 배급 제안을 증가한다고 발표했습니다. 회사는 이제 7,500,000 개의 흐름 통과 유닛(FT Units)를 단위당 $0.30의 가격으로 판매할 계획이며, 최대 $2,250,000의 총 수익을 목표로 하고 있습니다. 이는 처음 계획했던 5,000,000 FT Units와 $1,500,000의 총 수익에서 증가한 것입니다. 제안을 확대하기로 결정한 이유는 예상보다 높은 관심에 대한 응답입니다. 제안의 다른 모든 조건은 2024년 9월 23일 회사의 이전 발표와 동일하게 유지됩니다. 이 제안은 여전히 적용되는 증권 법률 및 CSE 정책 준수를 조건으로 합니다.
Core Nickel Corp. (CSE: CNCO) a annoncé une augmentation de son offre de placement privé précédemment annoncée. La société prévoit maintenant de vendre jusqu'à 7.500.000 unités en flux (FT Units) à un prix de 0,30 $ par unité, dans le but de lever des produits bruts allant jusqu'à 2.250.000 $. Cela représente une augmentation par rapport aux 5.000.000 FT Units initialement prévues, avec des produits bruts de 1.500.000 $. La décision d'augmenter l'offre fait suite à un intérêt plus élevé que prévu. Tous les autres termes de l'offre restent inchangés par rapport à l'annonce antérieure de la société du 23 septembre 2024. L'offre est toujours soumise au respect des lois sur les valeurs mobilières applicables et des politiques de la CSE.
Core Nickel Corp. (CSE: CNCO) hat eine Erhöhung ihres zuvor angekündigten Privatplatzierungsangebots bekannt gegeben. Das Unternehmen plant nun, bis zu 7.500.000 Flow-Through-Einheiten (FT Units) zu einem Preis von 0,30 $ pro Einheit zu verkaufen, mit dem Ziel, Bruttoeinschätzungen von bis zu 2.250.000 $ zu erzielen. Dies ist eine Erhöhung im Vergleich zu den ursprünglich geplanten 5.000.000 FT Units mit Bruttoeinschätzungen von 1.500.000 $. Die Entscheidung zur Aufstockung des Angebots erfolgt aufgrund eines höher als erwarteten Interesses. Alle anderen Bedingungen des Angebots bleiben unverändert im Vergleich zur früheren Mitteilung des Unternehmens vom 23. September 2024. Das Angebot unterliegt weiterhin der Einhaltung der geltenden Wertpapiergesetze und CSE-Richtlinien.
- Increased private placement offering from $1,500,000 to $2,250,000
- Higher-than-expected investor interest in the offering
- Potential for additional capital to fund company operations
- Potential dilution of existing shareholders' ownership
Saskatoon, Saskatchewan--(Newsfile Corp. - September 23, 2024) - Core Nickel Corp. (CSE: CNCO) ("Core Nickel" or the "Company") is pleased to announce it has received interest above the previously announced private placement offering of up to 5,000,000 flow-through units (the "FT Units") at a purchase price of
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/10145/224231_2034e0fc6484d8e3_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/224231
FAQ
What is the new size of Core Nickel's (CNCOF) flow-through private placement?
Why did Core Nickel (CNCOF) increase the size of its private placement offering?
What is the price per flow-through unit in Core Nickel's (CNCOF) upsized offering?
When was Core Nickel's (CNCOF) original private placement announcement made?
