/THIS NEWS RELEASE IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES./
VANCOUVER, BC, April 7, 2021 /CNW/ - FPX Nickel
Corp. (TSXV: FPX) ("FPX" or
the "Company") is pleased to announce that it has
closed its previously announced bought deal public offering of
24,769,800 common shares (the "Common Shares") at an
offering price of $0.65 per common
share for gross proceeds of $16,100,370, which includes the exercise of the
over-allotment option (the "Offering"). The Offering was
co-led by Paradigm Capital Inc. and Cormark Securities Inc.
(together, the "Underwriters").
The Company intends to use the net proceeds of the Offering
primarily for exploration and development activities on its
Baptiste Nickel Project and other properties, and for general
corporate purposes.
The Offering was made in the provinces of British Columbia, Alberta and Ontario pursuant to a short form prospectus
dated March 23, 2021 (the
"Prospectus"). A copy of the Prospectus is available under
the Company's profile on SEDAR at www.sedar.com. The Underwriters
received a cash commission equal to 6.0% of the gross proceeds from
the sale of the Common Shares pursuant to the Offering and a total
of 1,486,188 compensation options entitling the Underwriters to
acquire common shares of the Company for a period up to
April 7, 2023 at an exercise price of
$0.65 per common share.
The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as
amended, and such securities may not be offered or sold within
the United States absent
registration under United States
federal and state securities laws or an applicable exemption from
such United States registration
requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy securities in the
Unites States, nor shall there be any sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development
of the Decar Nickel District, located in central British Columbia, and other occurrences of the
same unique style of naturally occurring nickel-iron alloy
mineralization known as awaruite.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and
Director
Forward-Looking Statements
Certain 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.
SOURCE FPX Nickel Corp.