Newswires
Victory Nickel Completes Private Placement
Victory Nickel Inc. ('Victory Nickel' or the 'Company') (TSX: Ni) (www.victorynickel.ca) today announced that it has completed its previously announced 'bought deal' private placement financing of 14,285,714 common shares issued on a 'flow-through' basis (each, a 'Flow-Through Share') at $0.70 per share for gross proceeds of $10.0 million. The financing was substantially oversubscribed, and the underwriting syndicate of Raymond James Ltd., Octagon Capital Corporation and Sprott Securities Inc. exercised its option to increase the size of the financing by 2,142,857 Flow-Through Shares at the same issue price per share for additional gross proceeds of $1.5 million. In total, 16,428,571 Flow-Through Shares were issued for gross proceeds of $11.5 million.
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