Tartisan Nickel Corp. Closes $1,500,000 Flow-Through Financing at $0.24 per Share with a Thirteen Month Escrow Period
Tartisan Nickel Corp (CSE: TN) (OTCQB: TTSRF) has completed a $1.5 million flow-through financing by issuing 6,250,000 shares at $0.24 per share. The shares are subject to a 13-month escrow period from the closing date. A 5% commission was paid to agents. The funds will be primarily used for exploration, development, and advancement of the company's flagship Kenbridge Nickel Project in Ontario's Kenora Mining District.
Tartisan Nickel Corp (CSE: TN) (OTCQB: TTSRF) ha completato un finanziamento a flusso di 1,5 milioni di dollari emettendo 6.250.000 azioni a 0,24 dollari per azione. Le azioni sono soggette a un periodo di deposito di 13 mesi dalla data di chiusura. È stata pagata una commissione del 5% agli agenti. I fondi saranno utilizzati principalmente per l'esplorazione, lo sviluppo e il progresso del progetto di punta della società, il Kenbridge Nickel Project nel distretto minerario di Kenora, Ontario.
Tartisan Nickel Corp (CSE: TN) (OTCQB: TTSRF) ha completado un financiamiento de flujo de 1.5 millones de dólares emitiendo 6,250,000 acciones a 0.24 dólares por acción. Las acciones están sujetas a un período de depósito de 13 meses a partir de la fecha de cierre. Se pagó una comisión del 5% a los agentes. Los fondos se utilizarán principalmente para exploración, desarrollo y avance del proyecto insignia de la compañía, el Kenbridge Nickel Project en el distrito minero de Kenora, Ontario.
Tartisan Nickel Corp (CSE: TN) (OTCQB: TTSRF)는 150만 달러 규모의 유상증자를 완료했습니다. 이 회사는 주당 0.24달러로 6,250,000주를 발행했습니다. 이 주식은 거래 완료일로부터 13개월 동안 에스크로 기간을 가집니다. 에이전트에게는 5%의 수수료가 지급되었습니다. 이 자금은 주로 온타리오 주 케노라 광구에 있는 회사의 주요 Kenbridge Nickel Project의 탐사, 개발 및 진전을 위해 사용될 것입니다.
Tartisan Nickel Corp (CSE: TN) (OTCQB: TTSRF) a complété un financement par flux de 1,5 million de dollars en émettant 6 250 000 actions à 0,24 dollar par action. Les actions sont soumises à une période d'escompte de 13 mois à partir de la date de clôture. Une commission de 5 % a été versée aux agents. Les fonds seront principalement utilisés pour l'exploration, le développement et l'avancement du projet phare de la société, le Kenbridge Nickel Project dans le district minier de Kenora, en Ontario.
Tartisan Nickel Corp (CSE: TN) (OTCQB: TTSRF) hat eine Durchflussfinanzierung über 1,5 Millionen Dollar abgeschlossen, indem 6.250.000 Aktien zu je 0,24 Dollar ausgegeben wurden. Die Aktien unterliegen einer 13-monatigen Treuhandfrist ab dem Abschlussdatum. Eine Provision von 5 % wurde an die Vermittler gezahlt. Die Mittel werden hauptsächlich für die Erschließung, Entwicklung und Förderung des Unternehmensflagship-Projekts, Kenbridge Nickel Project, im Kenora-Mining-Distrikt in Ontario verwendet.
- Secured $1.5 million in new funding
- Flow-through financing structure provides tax benefits to investors
- 5% commission paid to agents reduces net proceeds
- 13-month share escrow period limits investor liquidity
- Share issuance may lead to dilution for existing shareholders
Toronto, Ontario--(Newsfile Corp. - November 25, 2024) - Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) ("Tartisan" or the "Company") is pleased to announce that the Company has closed
The proceeds from the flow-through financing are primarily being used to fund the exploration, development, and advancement of the Company's flagship Kenbridge Nickel Project, Atikwa Lake Area, Kenora Mining District, Ontario.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company which owns; the Kenbridge Nickel Project in northwestern Ontario; the Sill Lake Silver Property in Sault Ste. Marie, Ontario as well as the Night Danger Turtle Pond project in northwestern Ontario.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange CSE: TN) (OTCQB: TTSRF) (FSE: 8TA). Currently, there are 128,219,004 shares outstanding (133,719,004 fully diluted).
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedarplus.ca.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231250
FAQ
How much did Tartisan Nickel Corp (TTSRF) raise in its latest flow-through financing?
What is the escrow period for Tartisan Nickel's (TTSRF) November 2024 flow-through shares?
What will Tartisan Nickel (TTSRF) use the $1.5M flow-through financing proceeds for?
