North American Nickel Closes First Tranche, Raises $4.4M

North American Nickel Inc (TSXV:NAN) announced that its first tranche of non-brokered private placement garnered a gross proceeds of $4,458,345 through the issuance of 26,225,561 units. The proceeds will be used to finance the company’s Maniitsoq 2013 exploration and drill program.

As quoted in the press release:

Each Unit consists of one common share and one-half of a common share purchase Warrant. Each whole Warrant entitles the holder to purchase one common share at a price of C$0.21 per share, exercisable until April 22, 2015. Finder’s fees of $62,009.50 have been paid in cash in connection with the private placement.

Click here to read the full North American Nickel Inc (TSXV:NAN) press release.