Class 1 Nickel and Technologies Ltd. Completes Private Placement
13 Mayo 2024 - 4:01PM
Class 1 Nickel and Technologies Ltd. (CSE: NICO/OTCQB: NICLF)
("Class 1 Nickel" or the "Company") is pleased to announce that it
has completed a non-brokered private placement (the “Private
Placement”) pursuant to which it has issued an aggregate of
10,400,000 common shares (the "Shares") at a price of $0.05 per
Share to raise aggregate gross proceeds of $520,000.
The Shares are subject to a statutory hold
period expiring on September 14, 2024. Insiders of the Company
directly and indirectly subscribed for an aggregate of 10,000,000
Shares in the Private Placement. The Private Placement remains
subject to the final approval of the Canadian Securities
Exchange.
About Class 1 Nickel
Class 1 Nickel and Technologies Limited (CSE:
NICO/OTCQB: NICLF) is a mineral resource company focused on the
development of its 100% owned Alexo-Dundonald Property, a portfolio
of komatiite hosted magmatic nickel-copper-cobalt sulphide Mineral
Resources located near the City of Timmins, Ontario. The
Corporation also owns the Somanike komatiite-hosted nickel-copper
sulphide property in Quebec, which includes the famous Marbridge
Nickel Mine, as well as additional property interests.
For more information, please contact:
David Fitch, President T: +61 400.631.608 E:
dfitch@class1nickel.com
For additional information please visit our
website at www.class1nickel.com and our Twitter feed:
@Class1Nickel.
Neither the Canadian Securities Exchange nor its
regulation services provider has reviewed or accepted
responsibility for the adequacy or accuracy of this press
release.
Forward Looking Statements – Certain information
set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and
uncertainties, including risks relating to the prospective nature
of the Company’s property interests. These forward-looking
statements are subject to numerous risks and uncertainties, certain
of which are beyond the control of Class 1 Nickel, including with
respect to the receipt of all permits and licenses, environmental
matters, results of exploration activities, increased costs,
receipt of regulatory approvals including final approval of the
Canadian Securities Exchange in respect of the Private Placement,
and availability of capital. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements.