CANADA NICKEL ANNOUNCES BROKERED PRIVATE PLACEMENT FOR UP TO C$8.0 MILLION IN GROSS PROCEEDS
June 11, 2025 — Canada Nickel Company Inc. has entered into a letter agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Scotia Capital Inc., in connection with a best efforts private placement for aggregate gross proceeds of up to $8,000,200 from the sale of up to 9,412,000 units of the company at a price of 85 cents per unit.
Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one common share of the company at a price of $1.20 at any time on or before that date which is 36 months after the closing date (as defined herein).
The company has granted to the agents an option, exercisable in full or in part up to 48 hours prior to the closing date, to sell up to an additional 2,353,000 units at the offering price for up to $2,000,050 in additional gross proceeds.
The company plans to use the net proceeds of the offering for the advancement of the company’s wholly owned Crawford nickel sulphide project as well as for working capital and general corporate purposes.
The offering is scheduled to close on or around June 26, 2025, and is subject to certain conditions including, but not limited to, the listing of the unit shares and warrant shares on the TSX Venture Exchange, and the receipt of all necessary approvals including the approval of the TSX-V and the applicable securities regulatory authorities.
The company shall pay to the agents, on the closing date, a cash commission of 6.0 per cent of the gross proceeds raised in respect of the offering. In addition, at the closing, the company shall issue to the agents warrants of the company, exercisable for a period of 36 months following the closing date, to acquire in aggregate that number of common shares of the company which is equal to 6.0 per cent of the number of units sold under the offering at an exercise price equal to the offering price.
About Canada Nickel Company Inc.
Canada Nickel Company is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless-steel markets. Canada Nickel company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100-per-cent-owned flagship Crawford nickel-cobalt sulphide project in the heart of the prolific Timmins nickel district.
We seek Safe Harbor.
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