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, /PRNewswire/ - . (TSXV: PNPN) (OTCBB: ) (Frankfurt: IVV) is pleased to announce that it has closed an over-subscribed flow-through offering (the " ") for gross proceeds of through the issuance of 16,049,998 flow-through units (the " ") at a price of per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half of one share purchase warrant (each whole, a " "), with each Warrant exercisable to purchase one common share at a price of per common share for three years from the date of issuance.

Each flow-through common share will qualify as a flow-through share for purposes of the ( ) (" "). Industry legends and joined with several other leading mining investors, including CVMR Inc. and Terra Capital, to provide the investor buyback of the FT Units financing for Power Nickel.



"Power Nickel is grateful for the support of some of the leading investors in mining. Like us, they believe Nisk has exceptional exploration upside. With this capital, we will be able to substantially increase our already very successful exploration efforts.

We currently have one drilling rig targeting the extension of the Lion Zone and soon we will have a second rig advancing the exploration program developed by our team, with substantial guidance from Dr. . It is a very exciting time for our shareholders, stakeholders, and staff," commented CEO .

The Company worked with Wealth Creation Preservation & Donation Inc. and IA Capital Markets on the financing front end and used advisory .

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