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TORONTO, ONTARIO--(Marketwire - Sept. 14, 2011) - First Nickel Inc. ("First Nickel" or the "Company") (TSX: FNI) is pleased to announce that it has completed its previously announced private placement of 3,571,429 common shares at $0.14 per share for aggregate proceeds of $500,000 to Thomas Boehlert the newly appointed President and Chief Executive Officer of the Company.
About First Nickel
First Nickel is a Canadian mining and exploration company that is about to resume production at its Lockerby nickel / copper mine in the Sudbury Basin in northern Ontario. Once the Lockerby Mine reaches full production (expected in 2012), it will produce approximately 10 million pounds of nickel and approximately 7 million pounds of copper annually, providing a strong base of cash flow from which to grow the Company. In addition to the Lockerby nickel mine, the Company owns exploration properties in the Sudbury Basin, the Timmins region of northern Ontario, and the Belmont region of Eastern Ontario. First Nickel's shares are traded on the TSX under the symbol FNI.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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