Mining All Stars back up to $20 Million Investment in Power Nickel

TORONTO, June 13, 2024 /PRNewswire/ – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt IVV), is pleased to announce that it plans to conduct a flow-through offering for gross proceeds of up to $20 million, through the issuance of up to 16,000,000 flow-through units (the “FT Units“) at a price of $1.25 per FT Unit.  Each FT Unit is comprised of one flow-through common share and one-half share purchase warrant (each a “Warrant“), with each Warrant exercisable to purchase one common share at a price of $1.25 per common share for three years from the date of issuance. Each flow-through common share will qualify as a flow-through share for purposes of the Income Tax Act (Canada) (“ITA“).

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