TORONTO, March 8, 2024 /CNW/ – Nickel Creek Platinum Corp. (TSX: NCP) (“Nickel Creek” or the “Company“) is pleased to announce that it has closed on its previously announced non-brokered private placement (the “Private Placement“) pursuant to which the Company has issued a total of 41,666,667 common shares of the Company (each, a “Common Share“) at a price of $0.015 per Common Share for gross proceeds of approximately $0.6 million. The Company’s largest shareholder, Electrum Strategic Opportunities Fund L.P. (“Electrum“), acquired all of the Common Shares issued in the Private Placement.
The net proceeds from the Private Placement will be used for general corporate purposes.
All Common Shares issued under the Private Placement are subject to a statutory hold period of four months and one day from the date of closing.
Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI…
