FPX Nickel Announces $1,200,000 Financing
August 22 2019 - 6:30AM
FPX Nickel Corp.
(FPX-TSX.V) (“
FPX
Nickel” or the “
Company”) is pleased to
announce that it has arranged a non-brokered private placement to
raise gross proceeds of up to $1,200,000 (the
“
Offering”). The Offering will consist of up
to 8,000,000 common shares (the “
Shares”) at $0.15
per Share in the capital stock of the Company. Insiders of the
Company intend to participate in the Offering.
All the securities issued pursuant to this private placement
will be subject to a four (4) month hold period. Completion
of the Offering is subject to receipt of all required regulatory
and other approvals, including acceptance by the TSX Venture
Exchange.
The proceeds raised from the Offering will be used for the
Company’s ongoing internal trade-off studies on the Baptiste
Deposit at its flagship Decar Nickel District in central British
Columbia, and for general working capital purposes.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development
of the Decar Nickel-Iron Alloy Project, located in central British
Columbia, and other occurrences of the same unique style of
naturally occurring nickel-iron alloy mineralization known as
awaruite. For more information, please view the Company’s website
at www.fpxnickel.com or contact Martin Turenne, President and CEO,
at (604) 681-8600.
On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne,
President, CEO and Director
Forward-Looking StatementsCertain of the
statements made and information contained herein is considered
“forward-looking information” within the meaning of applicable
Canadian securities laws. These statements address future events
and conditions and so involve inherent risks and uncertainties, as
disclosed in the Company's periodic filings with Canadian
securities regulators. Actual results could differ from those
currently projected. The Company does not assume the obligation to
update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
FPX Nickel (TSXV:FPX)
Historical Stock Chart
From Jun 2024 to Jul 2024
FPX Nickel (TSXV:FPX)
Historical Stock Chart
From Jul 2023 to Jul 2024