North American Nickel (TSX.V:NAN) is a mineral exploration company whose flagship property is the Maniitsoq property in Greenland. Maniitsoq is a district scale project covering numerous high-grade nickel-copper sulphide occurrences. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.

 

 

 

Latest News Release

North American Nickel Announces Preliminary Prospectus Filing in Connection with Proposed Equity Financing

North American Nickel Inc. has filed a preliminary short form prospectus in connection with a proposed marketed offering of units of the company for gross proceeds of up to $12-million. The offering will be conducted on a best-effort basis through Paradigm Capital Inc., acting as agent.

 

The offering will be priced in the context of the market with the specifics of the offering to be determined at the time of pricing. It is anticipated that each unit will consist of one common share of the company and one-half of one common share purchase warrant of the company. It is anticipated that each warrant will entitle the holder thereof to acquire one common share of the company at any time prior to 5 p.m. (local Toronto time) on the date that is 24 months following its issuance date.

 

The company intends to use the net proceeds of the offering for exploration activities to be completed at the company's Maniitsoq project in Greenland, for the repayment of debt and for general working capital purposes.

 

The offering is being made pursuant to a short form prospectus filed in each of the provinces of British Columbia, Alberta and Ontario. A copy of the preliminary short form prospectus, which contains important information relating to the units, is available on SEDAR. There will not be any sale or any acceptance of an offer to buy the units until a receipt for the final prospectus has been issued.

 

The offering is expected to close on or about June 29, 2016, or on such later date as the company and the agent may agree upon, and is subject to certain customary conditions and regulatory approvals, including the approval of the TSX Venture Exchange, and the entering into by the company and the agent of an agency agreement.

 

 

Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.


To contact us please email rick@aheadoftheherd.com

Ahead of the Herd
www.aheadoftheherd.com