Tartisan Nickel closes $1.32-million financing

Executive Summary

• Tartisan Nickel Corp. closed a $1,325,000 flow‑through private placement issuing 6,625,000 shares at C$0.20 each.
• Gross proceeds will be used to fund exploration and development of the 100 % owned Kenbridge nickel‑copper‑cobalt project in Northwestern Ontario.
• The transaction included a 6 % cash commission and broker warrants (6 % of the placement) exercisable at C$0.20, expiring 12 months after issuance.

Key Details

• Placement Size: $1,325,000 total subscription price.
• Shares Issued: 6,625,000 flow‑through shares at C$0.20 per share.
• Escrow Period: Shares subject to a four‑month‑and‑one‑day escrow from closing date.
• Use of Proceeds: Advance exploration and development work at the Kenbridge nickel‑copper‑cobalt project (Kenora mining district, Northwestern Ontario).
• Commission & Warrants: 6 % cash commission paid; additional broker warrants equal to 6 % of the placement issued, each warrant exercisable at C$0.20, expiring 12 months from issue date.
• Regulatory Conditions: Securities issuance subject to regulatory approval and applicable statutory holding periods.

Notable Quotes

(No quotes provided in the release.)