SPC Nickel Completes $4.97 Million Private Placement
SPC Nickel Corp. has successfully finalized a private placement, raising a total of $4,970,450. This funding will support exploration targeting Critical Minerals in Canada, qualifying for significant tax credits.
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SPC Nickel Corp. closed a non-brokered private placement, issuing 27,650,000 common share units for $1,382,500 and 49,150,000 charity flow-through units for $3,587,950. Common Share Units provide one common share and a warrant at an exercise price of $0.15, valid for 20 months.
Charity flow-through units consist of one CFT share and a similar warrant structure. Proceeds from the CFT units will facilitate eligible Canadian Exploration Expenses and qualify for the 30% Critical Minerals Exploration Tax Credit.
Funds from Common Share Units will be allocated to general working capital. The focus on Critical Minerals aligns with growing industry interests in sustainable resource development.
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