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Nican Ltd. ( (TSE:NICN) ) just unveiled an update.
NiCAN Limited has successfully closed its non-brokered private placement, raising a total of $1,500,000 through the sale of hard-dollar and flow-through units. The proceeds from the flow-through units will be used for eligible Canadian exploration expenses related to its mineral projects in Manitoba, while funds from the hard-dollar units will support general working capital. The participation of company insiders in the offering was managed under exemptions from minority shareholder approval requirements, and the issuance of securities is subject to a hold period as per Canadian securities laws.
More about Nican Ltd.
NiCAN Limited is a mineral exploration company, trading under the symbol ‘NICN’ on the TSX-V. The company is actively exploring two nickel projects, both located in well-established mining jurisdictions in Manitoba, Canada.
Average Trading Volume: 96,931
Technical Sentiment Signal: Sell
Current Market Cap: C$3.27M
For detailed information about NICN stock, go to TipRanks’ Stock Analysis page.