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Financings

Nuinsco Closes Private Placement

By The Northwire Desk — AI Analysis Jan 08, 2026 · 20:00 NWI · 0.005 Nuinsco Resources Limited
NWI · Price

Executive Summary

  • Nuinsco Resources Limited issued 73,180,000 common shares at $0.005 per share, raising aggregate proceeds of $365,900 under a private placement announced on November 7, 2025.
  • Proceeds are earmarked to advance the Prairie Lake critical metals project in Ontario.
  • The offering includes 61,000,000 flow‑through shares (renounced by Dec 31, 2025) and 12,180,000 non‑flow‑through shares; closing extended to February 2, 2026.

Key Details

  • Shares Issued: 73,180,000 common shares
  • Subscription Price: $0.005 per share
  • Aggregate Proceeds: $365,900 (CAD)
  • Offering Structure:
  • 61,000,000 flow‑through shares (qualify under subsection 66(15) of the Income Tax Act; renunciation deadline ≤ Dec 31 2025)
  • 12,180,000 non‑flow‑through shares
  • Use of Proceeds: To fund exploration and development activities at the Prairie Lake critical metals project near Terrace Bay, Ontario.
  • Closing Date Extension: Offering now may close up to February 2, 2026 (originally announced Dec 18, 2025).
  • Regulatory Notice: Shares not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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