An announcement from Nickel North Exploration ( (TSE:NNX) ) is now available.
Nickel North Exploration Corp. has successfully closed a non-brokered private placement of 5,000,000 units, raising $200,000 in gross proceeds. The funds will be used for general working capital, with no significant portion allocated to any specific use. The private placement involved insider participation, categorized as a ‘related party transaction,’ but exemptions from formal validation and minority approval requirements were applied. This move is subject to customary closing conditions and regulatory approvals, including from the TSX Venture Exchange.
More about Nickel North Exploration
Nickel North Exploration is a Canadian exploration company focused on developing a Cu-Ni-Co-PGE mineral resource at its Hawk Ridge Project in Northern Quebec. The company is recognized for its experienced team and commitment to sustainable development, maintaining strong relations with local Inuit communities. It is also identified as a key player in the Critical and Strategic Minerals value chain by Quebec’s Ministry of Economics and Innovation.
YTD Price Performance: -50.0%
Average Trading Volume: 41,123
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1M
See more data about NNX stock on TipRanks’ Stock Analysis page.