Quebec Nickel arranges $1-million private placement

Executive Summary

• Quebec Nickel Corp. announced a non-brokered private placement of units priced at $0.25 per unit, targeting gross proceeds of up to $1 million.
• Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.40 per share for two years.
• The offering is restricted to existing shareholders holding shares as of March 3, 2026, subject to specific exemption conditions and regulatory approvals.

Key Details

• Transaction Structure: Non-brokered private placement of units.
• Price: $0.25 per unit.
• Gross Proceeds: Up to $1,000,000.
• Unit Composition: One common share and one common share purchase warrant per unit.
• Warrant Terms:
  • Exercise Price: $0.40 per share.
  • Duration: Two years from the date of issuance.
  • Entitlement: One additional common share per warrant.
• Use of Proceeds: Exploration and development activities on projects, and general working capital purposes.
• Eligibility: Restricted to existing shareholders who held shares as of the record date of March 3, 2026. New shareholders after this date are ineligible.
• Exemption Conditions:
  • Subscriber must be a shareholder on the record date and remain so.
  • Purchase must be for the shareholder's own account (principal).
  • Purchase limit: Maximum $15,000 value per 12-month period unless suitability advice from a registered investment dealer is obtained.
• Regulatory Status: Subject to approval by the Canadian Securities Exchange and other required regulatory approvals.
• Hold Period: All securities subject to a statutory hold period of four months and one day.
• Finders: Company may pay finders' fees in accordance with applicable laws and exchange policies.

Notable Quotes

• None provided in the text.