By Sheri Kasprzak
New York, Dec. 27 - Independent Nickel Corp. settled a C$2.8 million private placement.
The company sold 8 million flow-through shares at C$0.35 each.
Proceeds from the non-brokered deal will be used for exploration on the company's Lynn Lake project in Manitoba.
Based in Sudbury, Ont., Independent is a nickel exploration company.
Issuer: | Independent Nickel Corp.
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Issue: | Flow-through shares
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Amount: | C$2.8 million
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Shares: | 8 million
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Price: | C$0.35
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Warrants: | No
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Placement agent: | Non-brokered
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Pricing date: | Dec. 19
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Settlement date: | Dec. 22
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Stock symbol: | TSX Venture: INI
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Stock price: | C$0.67 at close Dec. 22
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