Vancouver, British Columbia–(September 25, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (“Flying Nickel” or the “Company”) has successfully closed the initial portion of its non-brokered private placement offering, generating gross proceeds of $120,000 through the issuance of 2,400,000 units at a price of $0.05 per unit.
Each unit consists of one common share of the Company and one share purchase warrant, allowing the holder to acquire one additional share at a price of $0.06 per share within three years from issuance. The securities issued in connection with the private placement will be subject to a regulatory hold period until January 25, 2025.
The Company intends to utilize the proceeds from the private placement for general working capital and administrative purposes. A finder’s fee was paid to Ventum Financial Corp. for assisting in a portion of the private placement. Additionally, John Lee, CEO and Director of the Company, subscribed for 1,800,000 units, amounting to gross proceeds of $90,000.
Flying Nickel Mining Corp. is an exploration-stage mining company focused on vanadium and nickel resources. The Company holds a 100% interest in the Gibellini vanadium project in Nevada, United States, and the Minago nickel project in the Thompson nickel belt in Manitoba, Canada.
For more information about Flying Nickel, please visit the company’s website. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
The news release contains forward-looking statements and cautionary disclaimers, urging investors to consider the risks and uncertainties involved. It is recommended that readers exercise caution while interpreting forward-looking statements to avoid inaccuracies and misinterpretations.
