Hard Creek Nickel Completes Non Brokered Private Placement
March 15 2012 - 4:20PM
Marketwired
Hard Creek Nickel Corporation (TSX:HNC) (the "Company") -
The Company has completed its previously announced non brokered
private placement, initially targeting 8,400,000 Units.
The Company closed 3,043,333 Units at $0.18 per Unit. Each Unit
consisted of one share and one share purchase warrant. Each full
warrant is exercisable at Cdn. $0.25 for two years. The securities
and warrants issued have a hold period expiring 4 months plus one
day after issuance (May 28, 2012 and July 3, 2012).
Hard Creek Insiders that participated in the Private Placement
amounted to 30.56% or 930,000 Units.
Proceeds of the private placement will be used for general
working capital.
A finders' fee was paid on a portion of this private placement,
6% of gross cash proceeds plus warrants exercisable at $0.25 for
two years, equal to 6% of units placed in connection with this
private placement.
MARK JARVIS, President
HARD CREEK NICKEL CORPORATION
The TSX has not reviewed this news release and does not accept
responsibility for the accuracy or adequacy of this news
release.
Contacts: Hard Creek Nickel Corporation Mark Jarvis President
604-681-2300 604-681-2310 (FAX)info@hardcreek.com
www.hardcreek.com