pcNewsWire – Nickel One Resources Inc. (TSX-V: NNN) has closed final tranche of private placement, issuing 4,686,630 units at a price of $0.05 per unit for gross proceeds of $234,331.
News Release
Nickel One Resources Inc. Closes $234,331 Second and Final Tranche of Private Placement. Oversubscribed by $96,831.
Vancouver, BC – Nickel One Resources Inc. (the “Company” or “Nickel One”) is pleased to announce that it has oversubscribed by $96,831 and closed the second and final tranche of the previously announced private placement of up to 5,000,000 units at a price of $0.05 per unit to raise aggregate proceeds of up to $250,000. The Company closed the first tranche on April 12, 2017 issuing 2,250,000 Units for gross proceeds of $112,500. Each unit consists of one common share and one half common share purchase warrant. Each whole common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.08 per share.
For the closing of the Second and final tranche, the Company issued 4,686,630 units at a price of $0.05 per unit for gross proceeds of $234,331.
Each unit consisted of one common share and one half common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.08 per share.
All securities issued will be subject to a four-month hold period expiring on September 20, 2017. The Company intends to use the proceeds of the private placement for general working capital purposes.
No Finders Fees with respect to any portion of the funds received during the second and final tranche of this private placement.
About Nickel One:
Nickel One Resources Inc. is a PGE, Nickel, Copper exploration and development company evaluating the Tyko Property near Marathon, Ontario, Canada and has recently acquired the LK PGE, Copper Nickel, project in Finland. Nickel One’s objective is to efficiently advance the Tyko Project through exploration and development to a mineral resource and to continue the development and expansion of the LK projects mineral resource’s. The Company intends to build shareholder value through accretive acquisition of additional promising assets.
ON BEHALF OF THE BOARD:
“Vance Loeber”
President & CEO, Director
For further information contact:
Vance Loeber
Phone: 1778-327-5799 ext.315
Fax: 778-327-6675
Email: info@nickeloneinc.com
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
