Class 1 Nickel and Technologies Ltd. Completes Private Placement
TORONTO, Jan. 12, 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 has completed its previously announced non-brokered private placement (the “Private Placement”) pursuant to which it has issued convertible debentures in the aggregate principal amount of Cdn$400,000 (the “Debentures”). The Debentures have a three-year term and bear an interest rate of 2% per annum. The principal amount owing under the Debentures shall be convertible at the option of the holder thereof into common shares of the Company (“Subject Shares”) at a deemed price of $0.05 per Subject Share, all in accordance with the terms and conditions of the certificates evidencing the Debentures. Mr. David Fitch, President of the Company, has purchased all of the Debentures issued pursuant to the Private Placement.
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