Mr. Stuart Harshaw reports
NICKEL CREEK PLATINUM ANNOUNCES COMPLETION OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT
Further to Nickel Creek Platinum Corp.'s news releases of April 24, 2023, and May 11, 2023, the company has completed its non-brokered private placement pursuant to which the company has issued an aggregate of 31,503,656 units for gross proceeds of approximately $1.4-million. The company has confirmed that there will be no further tranches with respect to the private placement.
As previously disclosed, the units were priced at 4.5 cents with each unit consisting of one common share of the capital of the company and one-half of one common share purchase warrant, with each warrant exercisable for one common share at an exercise price of eight cents for a period of three years from the date of issuance, subject to adjustment upon certain customary events. Further details with respect to the private placement are set out in the previous news releases.
The private placement is subject to the final approval of the Toronto Stock Exchange.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum is a Canadian mining exploration and development company and its flagship asset is its 100-per-cent-owned Nickel Shaw project. The Nickel Shaw project is a large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.
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