Mr. Mark Appleby reports
TARTISAN NICKEL CORP. CLOSES SECOND TRANCHE $600,000 FLOW-THROUGH FINANCING AT $0.32 PER SHARE
Tartisan Nickel Corp. has closed its second tranche of flow-through financing for gross proceeds of $600,000 through the issuance of flow-through common shares at a price of 32 cents per share. A 6-per-cent commission was paid in cash as well as 6-per-cent commission in broker warrants (112,500 broker warrants), which expire in one year from the date of this transaction to eligible agents.
The proceeds from the financing will be used to incur eligible Canadian exploration expenses as defined in the Income Tax Act (Canada), which will be renounced to subscribers, and will be directed toward continued exploration and development activities at the company's Kenbridge nickel-copper-cobalt project, Sioux Narrows, Northwestern Ontario.
Mark Appleby, president and chief executive officer, stated, "We are pleased to have successfully closed the second tranche and will be advancing our spring work program at Kenbridge shortly."
About Tartisan Nickel Corp.
Tartisan is a Canadian-based critical mineral exploration and development company which owns the Kenbridge nickel project near Sioux Narrows, Northwestern Ontario, and the Sill Lake silver property near Sault Ste. Marie, Ont., as well as the Night Danger Turtle Pond project near Dryden, Ont.
Tartisan common shares are listed on the Canadian Securities Exchange, the OTCQX and the Frankfurt Stock Exchange. Currently, there are 158,195,904 shares outstanding (162,616,961 fully diluted).
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