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Québec Nickel Announces Closing of Existing Shareholder Financing

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Québec Nickel Corp (CSE: QNI) has completed its private placement offering, raising $250,000 through the issuance of 2,000,000 units at $0.125 per unit. Each unit includes one common share and one-half share purchase warrant, with each whole warrant exercisable at $0.225 per share for two years. The offering was made available to existing shareholders and carries a four-month statutory hold period. No finder's fees were paid, and no directors or officers participated. The proceeds will be used for general working capital purposes.

Québec Nickel Corp (CSE: QNI) ha completato la sua offerta di collocamento privato, raccogliendo $250.000 tramite l'emissione di 2.000.000 di unità a $0,125 ciascuna. Ogni unità include un'azione comune e una mezza opzione di acquisto delle azioni, con ogni opzione intera esercitabile a $0,225 per azione per due anni. L'offerta è stata resa disponibile agli azionisti esistenti e prevede un periodo di blocco legale di quattro mesi. Non sono state pagate commissioni di intermediazione e nessun direttore o dirigente ha partecipato. I proventi saranno utilizzati per scopi generali di capitale circolante.

Québec Nickel Corp (CSE: QNI) ha completado su oferta de colocación privada, recaudando $250,000 a través de la emisión de 2,000,000 de unidades a $0.125 por unidad. Cada unidad incluye una acción común y medio warrant de compra de acciones, siendo cada warrant entero ejercitable a $0.225 por acción durante dos años. La oferta se puso a disposición de los accionistas existentes y tiene un período de retención legal de cuatro meses. No se pagaron comisiones de intermediación y ningún director u oficial participó. Los ingresos se utilizarán para fines generales de capital de trabajo.

퀘벡 니켈 주식회사 (CSE: QNI)가 사모 배정 공모를 완료하고 $250,000을 모금했습니다. 2,000,000개의 유닛이 개당 $0.125에 발행되었습니다. 각 유닛은 하나의 보통주와 반 개의 주식 매입 워런트를 포함하며, 각 전체 워런트는 2년 동안 주당 $0.225에 행사 가능하니다. 이번 공모는 기존 주주에게 제공되었고, 4개월의 법적 보유 기간이 적용됩니다. 중개 수수료는 지급되지 않았으며, 이사나 임원이 참여하지 않았습니다. 모금된 자금은 일반 운영 자금으로 사용될 예정입니다.

Québec Nickel Corp (CSE: QNI) a terminé son placement privé, levant 250 000 $ par l'émission de 2 000 000 d'unités à 0,125 $ l'unité. Chaque unité comprend une action ordinaire et un demi-bouclier d'achat d'actions, chaque bouclier entier pouvant être exercé à 0,225 $ par action pendant deux ans. L'offre était disponible pour les actionnaires existants et est soumise à une période de blocage légale de quatre mois. Aucune commission d'intermédiaire n'a été versée, et aucun directeur ou dirigeant n'a participé. Les produits seront utilisés à des fins générales de fonds de roulement.

Québec Nickel Corp (CSE: QNI) hat sein privates Platzierungsangebot abgeschlossen und $250.000 durch die Ausgabe von 2.000.000 Einheiten zu je $0,125 gesammelt. Jede Einheit umfasst eine Stammaktie und ein halbes Kaufwarrant, wobei jeder vollständige Warrant für zwei Jahre zu einem Preis von $0,225 pro Aktie ausgeübt werden kann. Das Angebot wurde bestehenden Aktionären angeboten und unterliegt einer gesetzlichen Sperrfrist von vier Monaten. Es wurden keine Vermittlungsgebühren gezahlt und keine Direktoren oder Offiziellen haben teilgenommen. Die Erlöse werden für allgemeine Betriebskapitalzwecke verwendet.

Positive
  • Successfully raised $250,000 in additional capital
  • No finder's fees required, reducing transaction costs
Negative
  • Small financing amount of only $250,000 indicates capital raise
  • Dilutive effect on existing shareholders through issuance of new shares
  • Warrants could lead to additional future dilution if exercised

Vancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - Québec Nickel Corp. (CSE: QNI) (FSE: 7lB) (OTCQB: QNICF) ("QNI" or the "Company") is pleased to announce that it has closed its previously announced private placement offering (the "Offering") by issuing 2,000,000 units (the "Units") of the Company at a price of $0.125 per Unit for aggregate gross proceeds of $250,000.

Each Unit consisted of one common share (the "Share") and one-half of one share purchase warrant (each whole warrant, a "Warrant") exercisable for a period of two years. Each whole Warrant is exercisable into one Share at a price of $0.225 per Share.

The Units were offered to existing shareholders under British Columbia Instrument 45-534 - Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders, and equivalent provisions of applicable securities laws in other jurisdictions of Canada and be subject to a statutory hold period of four months and one day from the date of issuance.

No finder's fees were payable in connection with the Offering. No directors or officers participated in the Offering.

The proposed net proceeds received from the Offering are intended to be used by the Company for general working capital purposes.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Québec Nickel Corp.
Québec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing critical metals (Ni-Cu-Co-PGE) projects in Québec, Canada. Additional information about Québec Nickel Corp. is available at www.quebecnickel.com.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

On behalf of the Board of Directors

David Patterson
Chief Executive Officer and Director
1 (855) 764-2535 (QNICKEL)
info@quebecnickel.com

CAUTIONARY AND FORWARD-LOOKING STATEMENTS

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market, or business conditions. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229884

FAQ

How much did Québec Nickel (QNICF) raise in its November 2024 private placement?

Québec Nickel raised $250,000 by issuing 2,000,000 units at $0.125 per unit.

What are the terms of the warrants issued in Québec Nickel's (QNICF) 2024 private placement?

Each whole warrant is exercisable into one share at $0.225 per share for a period of two years.

How will Québec Nickel (QNICF) use the proceeds from its 2024 private placement?

The net proceeds from the offering will be used for general working capital purposes.

QUEBEC NICKEL CORP

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