Tartisan Nickel Corp. Closes $1,000,000 Financing at $0.24 per Share

Executive Summary

• Tartisan Nickel Corp. closed a non‑brokered flow‑through financing raising $999,984 by issuing 4,166,600 common shares at $0.24 per share (no commission paid).
• Proceeds will be used for eligible Canadian Exploration Expenses (CEE) to be renounced to subscribers and to fund continued exploration and development at the Kenbridge Nickel‑Copper‑Cobalt Project in Northwestern Ontario.
• President & CEO Mark Appleby highlighted that drilling is underway, assays from the first completed hole are pending, and the program could meaningfully expand the known resource base.

Key Details

• Financing Structure: Non‑brokered flow‑through equity offering; 4,166,600 flow‑through common shares issued at $0.24 per share.
• Gross Proceeds: $999,984. No underwriting or commission fees were incurred.
• Statutory Hold Period: Four months and one day (subject to regulatory review/acceptance).
• Use of Proceeds:
• To incur eligible Canadian Exploration Expenses (CEE) under the Income Tax Act, which will be renounced to shareholders.
• Directed toward continued exploration and development activities at the Kenbridge Nickel‑Copper‑Cobalt Project, Northwestern Ontario.
• Project Status: Drilling is currently underway; assays from the first completed drill hole are pending. Management believes the program has potential to significantly expand the known resource.
• Share Capital Impact: Post‑offering, total shares outstanding remain at 152,215,641 (156,314,356 fully diluted).

Notable Quotes

“We are pleased to have successfully closed this financing and advancing drilling at Kenbridge,” – Mark Appleby, President & CEO.
“With drilling underway and assays pending from our first completed drill hole, we continue to believe this program has the potential to meaningfully expand the known resource.” – Mark Appleby