TORONTO,
Aug. 6, 2019
/PRNewswire/ - Nickel Creek Platinum Corp. (TSX:
NCP) ("Nickel Creek" or the "Company") is pleased to announce that
it has closed its previously announced flow-through private
placement, pursuant to which the Company issued a total of
3,170,732 "flow-through" units of the Company (the "FT Units") at a
price of $0.0574 per FT Unit for
aggregate proceeds of approximately $182
thousand (the "FT Private Placement"). Each FT Unit is
comprised of one (1) "flow-through" common share (each a "FT
Share") and one (1) common share purchase warrant (each a "FT
Warrant"), with each FT Warrant exercisable for one common share
(each a "Warrant Share") at an exercise price of $0.08 for a period of five (5) years from the
date of issuance.
The FT Shares and FT Warrants (and any Warrant Shares, as
applicable) will be subject to a statutory hold period of four
months and one day from the date of issuance.
The funds from the FT Private Placement will be used by
the Company to incur "Canadian exploration expenses" that will
qualify as "flow-through mining expenditures", each as defined
under the Income Tax Act (Canada).
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a
Canadian mining exploration and development company and its
flagship asset is its 100%-owned Nickel Shäw project. The Nickel
Shäw Project is a large undeveloped nickel sulphide project in one
of the most favourable jurisdictions in the world, with a unique
mix of metals including copper, cobalt and platinum group metals.
The Nickel Shäw project has exceptional access to infrastructure,
located three hours west of Whitehorse via the paved Alaska Highway, which further offers
year-round access to deep-sea shipping ports in southern
Alaska. The Company is also investigating other opportunities
for shareholder value creation.
The Company is led by a management team with a proven
track record of successful discovery, development, financing and
operation of large-scale projects. Our vision is to create value
for our shareholders by becoming a leading North American nickel,
copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking
Information
This news release includes certain information that may be
deemed "forward-looking information". Forward-looking information
can generally be identified by the use of forward-looking
terminology such as "may", "will", "expect", "intend", "believe",
"continue", "plans" or similar terminology, or negative
connotations thereof. All information in this release, other than
information of historical facts, including, without limitation,
statements relating to the FT Private Placement, and general future
plans and objectives for the Company and the Nickel Shäw project,
are forward-looking information that involve various risks and
uncertainties. Although the Company believes that the expectations
expressed in such forward-looking information are based on
reasonable assumptions, such expectations are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking
information.
For more information on the Company and the key
assumptions, risks and challenges with respect to the
forward-looking information discussed herein, and about our
business in general, investors should review the Company's most
recently filed annual information form, and other continuous
disclosure filings which are available at
www.sedar.com. Readers are cautioned not
to place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
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SOURCE Nickel Creek Platinum Corp.