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The Sentient Group exercised 18,276,199 common share purchase warrants of North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) for aggregate gross proceeds of up to CAD $3,838,001.79, approximately 14.96% of the outstanding common shares of North American Nickel.
As quoted in the press release:
Taking into account the exercise of the NAN Warrants, Sentient now owns over 54,828,598 NAN Shares, representing approximately 39.04% of the 140,456,084 issued NAN Shares.
The issued and outstanding common shares of NAN is 148,464,084. Following this transaction, NAN will have an updated cash position of $7.5 million.
North American Nickel CEO Rick Mark said:
We are very pleased that our strategic partner, The Sentient Group, has chosen to exercise all of their warrants today. Their commitment to the Company and to our 100% owned Maniitsoq Ni-Cu-Co-PGM Project in Southwest Greenland is clear. They are engaged with management regularly and bring their experience and world view to bear in the planning and execution at Maniitsoq.
Click here to read the North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) press release
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