ArcPacific Resources Corp (TSE:FAN) has released an update.
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First Atlantic Nickel Corp. successfully completed a $2.1 million funding round, issuing shares at a premium of 58% over the average share price, with a strategic investor acquiring a 9.98% stake without warrants or fees. The capital raised will bankroll a comprehensive 2024 exploration program, including a 5,000-meter drilling campaign at the Atlantic Nickel Project to explore a promising 30km nickel trend. The investor has also secured future participation rights to maintain their ownership percentage in upcoming financings.
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