First Atlantic Nickel & Cobalt closes $3.77 million no-warrant private placement
Bitget2026/09/28 23:33- First Atlantic Nickel & Cobalt closed a no-warrant, non-brokered private placement raising gross proceeds of $3.77 million.
- Issued 2,333,667 flow-through shares at $0.75, issued 2,570,000 charity flow-through shares at $0.785.
- Total September 2026 financing proceeds reached about $9.93 million.
- A strategic investor exercised participation rights, capped to keep beneficial ownership below 9.99%.
- Proceeds earmarked for drilling, metallurgical work, access upgrades at Pipestone XL, exploration at Ophiolite X in Newfoundland.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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