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TORONTO, May 16, 2023
/CNW/ - Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel
Creek" or the "Company") today has confirmed, further to
its news releases of April 24, 2023
and May 11, 2023 (the "Previous
News Releases"), the completion of its non-brokered private
placement (the "Private Placement") pursuant to which the
Company has issued an aggregate of 31,503,656 units
("Units") for gross proceeds of approximately $1.4 million. The Company has confirmed that
there will be no further tranches with respect to the Private
Placement.
As previously disclosed, the Units were priced at $0.045 with each Unit consisting of one common
share of the capital of the Company (each, a "Common Share")
and one-half of one common share purchase warrant (each whole
common share purchase warrant, a "Warrant"), with each
Warrant exercisable for one Common Share (each, a "Warrant
Share") at an exercise price of $0.08 for a period of three (3) years from the
date of issuance, subject to adjustment upon certain customary
events. Further details with respect to the Private Placement are
set out in the Previous News Releases.
The Private Placement is subject to the final approval of the
Toronto Stock Exchange.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in the United States nor shall there be any sale
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "1933 Act"), or any state
securities laws and may not be offered or sold in the United States unless registered under the
1933 Act and any applicable securities laws of any state of
the United States or an applicable
exemption from the registration requirements is available.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a
Canadian mining exploration and development company and its
flagship asset is its 100%-owned Nickel Shäw Project. The Nickel
Shäw Project is a large undeveloped nickel sulphide project in one
of the most favourable jurisdictions in the world, with a unique
mix of metals including copper, cobalt and platinum group metals.
The Nickel Shäw Project has exceptional access to infrastructure,
located three hours west of Whitehorse via the paved Alaska Highway, which further offers
year-round access to deep-sea shipping ports in southern
Alaska.
The Company is led by a management team with a proven track
record of successful discovery, development, financing and
operation of large-scale projects. Our vision is to create value
for our shareholders by becoming a leading North American nickel,
copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be
deemed "forward-looking information". Forward-looking information
can generally be identified by the use of forward-looking
terminology such as "may", "will", "expect", "intend", "believe",
"continue", "plans" or similar terminology, or negative
connotations thereof. All information in this release, other than
information of historical facts, including, without limitation,
statements relating to the Private Placement, the timing of closing
of the Private Placement, insider participation in the Private
Placement, completion of the PFS, and general future plans and
objectives for the Company and the Nickel Shäw Project, are
forward-looking information that involve various risks and
uncertainties. Although the Company believes that the expectations
expressed in such forward-looking information are based on
reasonable assumptions, such expectations are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking information.
For more information on the Company and the key assumptions,
risks and challenges with respect to the forward-looking
information discussed herein, and about our business in general,
investors should review the Company's most recently filed annual
information form, and other continuous disclosure filings which are
available at www.sedar.com. Readers are cautioned not to place
undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Nickel Creek Platinum Corp.