Nickel Creek increases private placement to $2.1M

Executive Summary

• Nickel Creek Platinum Corp. has increased the size of its previously announced non-brokered private placement to up to $2.1 million.
• The offering consists of up to 465,000 common shares at $2.15 per share and up to 478,260 flow-through shares at $2.30 per share.
• Largest shareholder Electrum Strategic Opportunities Fund LP intends to invest up to approximately $800,000 in the placement.

Key Details

• Total Gross Proceeds: Up to $2.1 million.
• Common Shares: Up to 465,000 shares issued at $2.15 per share.
• Flow-Through Shares (FT): Up to 478,260 shares issued at $2.30 per share, qualifying under Subsection 66(15) of the Income Tax Act (Canada).
• Major Investor: Electrum Strategic Opportunities Fund LP (largest shareholder) intends to invest up to ~$800,000.
• Use of Proceeds (Common Shares): Financing the proposed 2026 drill program, continuing permitting activities, holding costs at the Nickel Shaw project (Yukon), and general corporate expenses/working capital.
• Use of Proceeds (FT Shares): Financing the proposed 2026 drill program at the Nickel Shaw project; Canadian exploration expenses and flow-through mining expenditures to be renounced with an effective date no later than Dec. 31, 2025.
• Closing Timeline: Expected in November 2025.
• Conditions: Subject to TSX Venture Exchange approval and customary closing conditions.
• Investor Eligibility: Accredited investors in Canada and other lawful jurisdictions.
• Hold Period: Four months and one day from closing.
• Finder’s Fee: 6% of gross amount invested by investors introduced by a finder, payable in common shares (subject to TSX Venture Exchange acceptance).
• Related Party Transaction: Classified as such under Multilateral Instrument 61-101 due to Electrum holding >10% of outstanding shares. Exemptions from formal valuation and minority shareholder approval are relied upon, as Electrum's participation will not exceed 25% of the company's market capitalization.
• Project Asset: 100%-owned Nickel Shaw project, a large undeveloped nickel sulphide project in the Yukon, featuring copper, cobalt, and platinum group metals.

Notable Quotes

• None provided in the text.