Nickel Creek Platinum Corp. announced a non-brokered private placement of up to 46,666,666 common shares at a price of CAD 0.015 per share for the gross proceeds of up to CAD 700,000 on February 20, 2024. In connection with the Private Placement, the company?s largest shareholder, Electrum Strategic Opportunities Fund L.P. managed by The Electrum Group LLC, has indicated its intention to invest approximately CAD 600,000 in the Private Placement.

The closing of the Private Placement is expected to occur on or around March 8, 2024 and remains subject to the approval of the Toronto Stock Exchange and other customary closing conditions for a transaction of this nature. The Common Shares will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws and will be subject to a statutory hold period of four months and one day from the date of issuance of the common shares.