Effective July 14, 2016, the amended and restated short form prospectus of North American Nickle Inc. dated July 12, 2016, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Alberta and Ontario securities commissions, pursuant to the provisions of the British Columbia, Alberta and Ontario securities acts.
The TSX Venture Exchange has been advised that closing occurred on July 21, 2016, for gross proceeds of $6,950,168.10.
Agents: Paradigm Capital Inc.
Offering: 92,668,908 units (Each unit consists of one share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company.)
Unit price: 7.5 cents per unit
Warrant exercise price and term: 12 cents per share for 24 months, subject to early expiry provisions
Agent's warrants: 1,203,695 non-transferable warrants exercisable to purchase one share each at 7.5 cents per share, granted to the agent for a period of 24 months following the closing date