Nickel Creek Platinum arranges $2-million financing

Executive Summary

• Nickel Creek Platinum Corp. announced a non-brokered private placement of up to $2.0 million, involving the issuance of common shares and flow-through shares.
• The largest shareholder, Electrum Strategic Opportunities Fund LP, intends to invest up to approximately $800,000 in the transaction.
• Proceeds will primarily fund the company's proposed 2026 drill program, permitting activities, and holding costs at the Nickel Shaw project in Yukon.

Key Details

• Total Raise: Up to $2.0 million.
• Instrument 1 (Common Shares): Up to 465,000 common shares issued at $2.15 per share.
• Instrument 2 (Flow-Through Shares): Up to 434,782 flow-through (FT) shares issued at $2.30 per share.
• Related Party Investment: Electrum Strategic Opportunities Fund LP (holding >10% of outstanding shares) intends to invest up to ~$800,000.
• Use of Proceeds:
  • Net proceeds from common shares: Finance 2026 drill program, continuing permitting activities, holding costs at Nickel Shaw project, and general corporate expenses/working capital.
  • Gross proceeds from FT shares: Finance 2026 drill program as Canadian exploration expenses and flow-through mining expenditures, renounced to initial purchasers with an effective date no later than Dec. 31, 2025.
• Closing Conditions: Expected in November 2025, 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-V acceptance).
• Regulatory Status: Constitutes a related party transaction under Multilateral Instrument 61-101; exemptions from formal valuation and minority shareholder approval relied upon as Electrum’s participation will not exceed 25% of market capitalization.

Notable Quotes

• None provided in the text.