Reported 7 months ago
Premium Nickel Resources has increased its private placement for its Botswana projects to approximately C$27.5m from the initially announced C$15m, due to heightened investor interest. The company has secured the full amount and maintained the original terms of C$0.78 per unit. Partnering with EdgePoint Investment Group and another investor, the company is set to issue over 7.69 million shares each, gaining a 14.1% stake post-transaction. The funds will be used for advancing Botswana assets and corporate needs, with the offering set for closure on June 14, 2024.
Source: YAHOO