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Financings

SPC Nickel arranges $6.6-million private placement

By The Northwire Desk — AI Analysis Mar 06, 2026 · 15:36 SPC · 0.065 SPC Nickel Corp.
SPC · Price

Executive Summary

  • SPC Nickel Corp. has arranged a non-brokered private placement of up to 15,384,615 common share units and up to 58,947,369 charity flow-through (CFT) units, targeting total gross proceeds of $6.6 million.
  • The offering consists of two tranches: common share units priced at 6.5 cents and CFT units priced at 9.5 cents, each accompanied by purchase warrants.
  • Proceeds from the CFT units are designated for eligible Canadian exploration expenses targeting critical minerals, while proceeds from common share units are for general working capital.

Key Details

  • Total Gross Proceeds: Up to $6,600,000.
  • Common Share Units:
    • Quantity: Up to 15,384,615 units.
    • Price: 6.5 cents per unit.
    • Gross Proceeds: $1,000,000.
    • Composition: One common share and one-half of a purchase warrant per unit.
    • Warrant Terms: Exercisable to acquire one common share at $0.10 per share; exercisable for 18 months from closing.
  • Charity Flow-Through (CFT) Units:
    • Quantity: Up to 58,947,369 units.
    • Price: 9.5 cents per unit.
    • Gross Proceeds: $5,600,000.
    • Composition: One charity flow-through common share and one-half of a purchase warrant per unit.
    • Warrant Terms: Exercisable to acquire one non-flow-through common share at $0.10 per share; exercisable for 18 months from closing.
  • Finder’s Compensation:
    • Cash Commission: 6% of gross proceeds raised by finders.
    • Compensation Warrants: Equal to 6% of the total number of units sold by finders.
    • Compensation Warrant Terms: Exercisable to acquire one common share at $0.07 per share for 18 months following issuance.
  • Use of Proceeds:
    • CFT Proceeds: Incurred as eligible Canadian exploration expenses qualifying as flow-through mining expenditures under Section 127(9) of the Income Tax Act (Canada); targets critical minerals qualifying for the 30% critical minerals exploration tax credit.
    • Common Share Proceeds: General working capital purposes.
  • Regulatory & Restrictions:
    • Resale Restrictions: Four-month hold period following issuance date.
    • Approval: Subject to approval of the TSX Venture Exchange.

Notable Quotes

  • None provided in the text.
Read the original news release →

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