Nickel Creek Platinum Corp. announced a non-brokered private placement of 40,000,000 units at a price of CAD 0.045 for the gross proceeds of CAD 1,800,000 on April 24, 2023. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant , with each Warrant exercisable for one Common Share at an exercise price of CAD 0.08 for a period of three years from the date of issuance, subject to adjustment upon certain customary events.

The security issue will be subject to a statutory hold period of four months and one day from the date of issuance of the Units. The transaction is subject to approval from Toronto Stock Exchange . The transaction is expected to close on May 15, 2023.

Electrum Strategic Opportunities Fund L.P., a fund managed by The Electrum Group LLC has indicated its intention to backstop up to CAD 1.25 million of the private placement, subject to customary conditions and otherwise on the same terms as the private placement.