Core Nickel announces $400K private placemnet
Core Nickel (OTC:CNCOF) to undertake a non-brokered private placement of up to 8M flow-through units at a price of $0.05 per FT unit. Proceeds expected of up to $400K, if the offering is fully subscribed.Each FT unit will consist of one flow-through common share and one half of one common share purchase warrant. Proceeds will be used for helicopter-borne Versatile Time-Domain Electromagnetics (VTEM) and horizontal magnetic gradiometer geophysical surveys across its 100%-owned Mel and Odei River exploration properties.
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