2022-11-24 14:25:00

Qubec Nickel Corp. Announces Offering of up to $10 Million - Quebec Nickel (OTC:QNICF)

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Benzinga
By Business Wire

Qubec Nickel Corp. QNI (Qubec Nickel Corp. or the Company) is pleased to announce that it is arranging a private placement of: (i) up to $5 million of units (each, a Unit), at a price of $0.20 per Unit; and (ii) up to $2 million of flow-through shares (each, a FT Share), at a price of $0.24 per FT Share, and up to $3 million Qubec flow-through shares (each, a Qubec FT Share), at a price of $0.25 per Qubec FT Share, for maximum aggregate gross proceeds of up to $10,000,000 (the Offering). The Offering is being led by EMD Financial Inc.

Each Unit shall be comprised of one common share (Common Share) in the capital of the Company and one-half (1/2) of a Common Share purchase warrant (Warrant) of the Company. Each whole Warrant shall entitle the holder thereof to acquire one additional Common Share at a price of $0.30 for a period of two (2) years from the closing date (the Closing Date) of the Offering. The FT Shares and Qubec FT Shares will qualify as flow-through shares within the meaning of subsection 66(15) of the Income Tax Act (Canada).

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