Tartisan Nickel closes $1.05-million private placement

Executive Summary

• Tartisan Nickel Corp. closed a $1.05 million flow‑through private placement, issuing 9,130,433 shares at C$0.115 per share.
• Gross proceeds are earmarked to advance exploration and development of the 100% owned Kenbridge nickel‑copper‑cobalt project in Northwestern Ontario.
• The transaction included a 6 % commission paid in share equivalents and 6 % broker warrants exercisable at the same price, expiring 12 months after issuance.

Key Details

• Placement Size: $1,050,000 (C$) total subscription price.
• Shares Issued: 9,130,433 flow‑through shares at C$0.115 per share.
• Escrow Period: Shares subject to a four‑month‑and‑one‑day escrow from closing date.
• Use of Proceeds: Funding for exploration and development work at the Kenbridge nickel‑copper‑cobalt project (100% owned) in the Kenora mining district, Northwestern Ontario.
• Commission & Warrants: 6 % commission paid in share equivalents; additional 6 % broker warrants issued, each exercisable at C$0.115 and expiring 12 months from issue date.
• Regulatory Conditions: Securities issuance subject to regulatory approval and applicable statutory holding periods.

Notable Quotes

(No direct quotes were provided in the release.)