Mining All Stars back up to $20 Million Investment in Power Nickel

TORONTO, June 13, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTC:PNPNF) (Frankfurt IVV), is pleased to announce that it plans to conduct a flow-through offering for gross proceeds of up to $20 million, through the issuance of up to 16,000,000 flow-through units (the "FT Units") at a price of $1.25 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half share purchase warrant (each a "Warrant"), with each Warrant exercisable to purchase one common share at a price of $1.25 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 Income Tax Act (Canada) ("ITA"). Industry legend Rob McEwen has joined with several other leading mining investors in providing the investor buyback of the proposed $20 million $1.25 per Unit Flow Through financing for Power Nickel."In life you are often judged by the company you keep, and, in this respect, we think every Power Nickel shareholder wins through this association with some of the most legendary and successful mining investors on the planet. Clearly, they are as excited about the potential for Nisk as we are, and this raise will allow us to really ramp up our exploration efforts over the next 12-18 months." commented CEO Terry Lynch.The Company will be working with Wealth Creation Preservation & Donation Inc. ("WCPD") and IA Capital Markets on the financing. Back-end purchasers may ...Full story available on Benzinga.com

Loading...

Loading...

TORONTO , June 13, 2024 /PRNewswire/ - Power Nickel Inc . (the "Company" or "Power Nickel") PNPN PNPNF (Frankfurt IVV), is pleased to announce that it plans to conduct a flow-through offering for gross proceeds of up to $20 million , through the issuance of up to 16,000,000 flow-through units (the " FT Units ") at a price of $1.25 per FT Unit.

Each FT Unit is comprised of one flow-through common share and one-half share purchase warrant (each a " Warrant "), with each Warrant exercisable to purchase one common share at a price of $1.25 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 Income Tax Act ( Canada ) (" ITA ").

Industry legend Rob McEwen has joined with several other leading mining investors in providing the investor buyback of the proposed $20 million $1.25 per Unit Flow Through financing for Power Nickel. "In life you are often judged by the company you keep, and, in this respect, we think every Power Nickel shareholder wins through this association with some of the most legendary and successful mining investors on the planet.

Clearly, they are as excited about the potential for Nisk as we are, and this raise will allow us to really ramp up our exploration efforts over the next 12-18 months." commented CEO Terry Lynch . The Company will be working with Wealth Creation Preservation & Donation Inc.

(" WCPD ") and IA Capital Markets on the financing.