SPC Nickel Corp. announced a non-brokered private placement of up to 15,384,615 common share units at a price per unit of CAD 0.065 for gross proceeds of CAD 999,999.975 and up to 58,947,369 charity flow-through at a price per unit of CAD 0.095 for gross proceeds of CAD 5,600,000.055 and aggregate proceeds of CAD 6,600,000.03 on March 6, 2026. Each Common Share Unit shall consist of one common share and one half of a purchase warrant of the Company to acquire one common share at an exercise price of CAD 0.10 per share exercisable for a period of 18 months from the closing date.
Each CFT Unit shall consist of one charity flow-through common share and one half of a purchase warrant of the Company to acquire one non-flow-through common share at an exercise price of CAD 0.10 per share exercisable for a period of 18 months from the closing date. The Company may pay to eligible finders assisting in the offering (i) a cash commission equal to 6% of the gross proceeds raised by such finders; and (ii) such number of compensation warrants as is equal to 6% of the total number of Common Share Units and/or CFT Units sold by such finders. Each Compensation Warrant shall be exercisable to acquire one Common Share at an exercise price of CAD 0.07 per Common Share for a period of 18 months following the date of issuance.
The securities issued in connection with the offering will be subject to certain resale restrictions, including a four-month restriction following the issuance date, pursuant to applicable Canadian securities legislation. The offering remains subject to the approval of the TSX Venture Exchange.
