Class 1 Nickel and Technologies Ltd. Announces Private Placement
TORONTO, April 04, 2024 (GLOBE NEWSWIRE) — Class 1 Nickel and Technologies Ltd. (CSE: NICO/OTCQB:NICLF) (“Class 1 Nickel” or the “Company”) is pleased to announce that it proposes to complete a non-brokered private placement (the “Private Placement”) pursuant to which it will issue up to 15,000,000 common shares of the Company (“Subject Shares”) at a price of $0.05 per Subject Share. Insiders may subscribe in the Private Placement. The Company proposes to use the net proceeds from the Private Placement for exploration expenditures and general and administrative expenses.
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