Each FT Unit is comprised of one flow-through common share and one-half of one share purchase warrant (each whole, a 'Warrant'), with each Warrant exercisable to purchase one common share at a price of
Industry legends
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The Company worked with
The Company will use the gross proceeds from the sale of the FT Units for exploration activities on the Company's Nisk property located in
The Offering is subject to the Company's final filing requirements with the
The Company paid finder's fees on the financing, including 265,027 finder warrants exercisable for a period of 18 months from closing into a common share at
About
On
The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts.
In addition to the Nisk project,
Cautionary Note Regarding Forward-Looking Statements
This message contains certain statements that may be deemed 'forward-looking statements' concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'potential,' 'indicates,' 'opportunity,' 'possible' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.
Contact:
Mr.
CEO
Tel: 647-448-8044
Email: terry@powernickel.com
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