EV Nickel Inc. announced a non-brokered private placement of 16,666,666 units at an issue price of CAD 0.06 for gross proceeds of up to CAD 1,000,000 on July 17, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.09 for a period of 24 months following the closing date of the offering.

A finder?s fee may be paid on a portion of the proceeds from the offering. Closing of the offering is subject to customary closing conditions including, but not limited to, the receipt of applicable regulatory approvals, including the approval of the listing of the shares on the TSX Venture Exchange.