Tartisan Nickel Corp. Closes $1,000,000 Flow-Through Financing at $0.38 per Share

Executive Summary

• Tartisan Nickel Corp. closed a flow‑through financing raising $1,000,000 by issuing common shares at $0.38 per share.
• A 6% commission was paid in both additional shares (157,895) and broker warrants (157,895) that expire one year from the transaction date.
• Proceeds will be used for eligible Canadian Exploration Expenses (CEE) to fund continued exploration and development at the Kenbridge Nickel‑Copper‑Cobalt Project in Northwestern Ontario.

Key Details

• Financing Structure: Issuance of flow‑through common shares at $0.38 per share; total gross proceeds $1,000,000.
• Commission Compensation: 6% commission paid in kind – 157,895 additional shares to the sponsor and 157,895 broker warrants (one‑year expiry).
• Use of Proceeds: To incur eligible Canadian Exploration Expenses (CEE) that will be renounced to subscribers; funds earmarked for exploration and development at Kenbridge Nickel‑Copper‑Cobalt Project, Sioux Narrows, Northwestern Ontario.
• Share Capital Impact: Post‑financing, the company reports 155,005,114 shares outstanding (159,234,724 fully diluted).
• Management Comment: Mark Appleby, President & CEO, stated the financing enables advancement of borehole geophysics at Kenbridge while pausing drilling during spring melt.

Notable Quotes

“We are pleased to have successfully closed this financing and to be advancing borehole geophysics at Kenbridge while we take a pause from drilling during the spring melt.” – Mark Appleby, President & CEO

Materiality Assessment: Material – Positive (the financing provides significant capital for exploration activities, enhancing project advancement prospects).