Second Rig to Be added to Nisk Exploration Program
TORONTO, Jan. 9, 2024 /CNW/ – Power Nickel Inc. (the “Company” or “Power Nickel“) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed a private placement for 4,360,000 flow-through units (each an “FT Unit“) of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,180,000. The FT Unit closing completed on December 29, 2023, while the balance of the back-end adjustments completed last week. The Company has received conditional TSX Venture Exchange (“TSXV“) approval for this Private Placement.
“We are pleased to close this financing to enable us to expand our exploration programs at Nisk. We will be bringing in a second drilling rig to focus on drilling the multiple new Pods identified by our use of the Fleet Space Technologies Ambient Noise Tomography technology previously reported. The 2024 drilling plans section, set out below,…
