Nickel North arranges $500,000 private placement

Executive Summary

• Nickel North Exploration Corp. announced a second non‑brokered flow‑through private placement of up to 9,090,909 common shares at C$0.055 per share, targeting gross proceeds of up to C$500,000.
• Proceeds will be used exclusively for Canadian exploration expenses on the Hawk Ridge nickel‑copper‑PGEs‑cobalt project in Northern Quebec.
• The placement is subject to a four‑month hold period, regulatory approvals, and includes a potential finder’s fee of up to 6 % payable in shares.

Key Details

• Offering Size: Up to 9,090,909 common shares.
• Price per Share: C$0.055 (5.5 cents).
• Maximum Gross Proceeds: C$500,000.
• Use of Proceeds: Flow‑through mining expenditures for exploration on the Hawk Ridge project (Ni‑Cu‑Co‑PGE) in Northern Quebec.
• Tax Treatment: Each share will be issued as a flow‑through share under the Canadian Income Tax Act; the company will renounce the Canadian Exploration Expense (CEE) to subscribers by no later than Dec. 31, 2026.
• Regulatory Conditions: Subject to approval by securities regulators and the TSX Venture Exchange; all securities carry a four‑month hold period under Canadian law.
• Finder’s Fee: Up to 6 % of proceeds may be paid in company shares if applicable.
• Closing Conditions: Standard customary closing conditions apply, including regulatory approvals.

Notable Quotes

(No executive quotes were provided in the release.)