Canada Nickel Company Inc. announced a private placement to issue 19,600,000 flow-through units at an issue price of CAD 1.77 per unit for the gross proceeds of CAD 34,692,000 on December 29, 2023. The transaction included participation from new investor Agnico Eagle Mines Limited. Each unit was composed of one common share and 0.35 of one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of CAD 1.77 at any time prior to December 29, 2026, subject to acceleration of the expiry date upon the occurrence of certain events. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the closing date of the Offering.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from single placee. The company paid CAD1,040,760 as placement agent fees in connection with the transaction.