On July 27, 2021, Canada Nickel Company Inc. closed the transaction. The company issued 2,981,000 flow-through shares for aggregate gross proceeds of CAD 12,222,100 in the transaction. The transaction included participation from 62 investors including certain directors and officers of the company for an aggregate 46,500 flow-through shares, Wendy Kaufman for 10,000 flow-through shares, Mark Selby for 10,000 flow-through shares, Kulvir Gill for 2,500 flow-through shares, David Smith for 24,000 flow-through shares. All securities issued under the transaction will be subject to a hold period expiring four months and one day from the date of issuance, being November 28, 2021.