Nickel North Closes $5 Million Financing, and Appoints Executive Director

Nickel North Exploration Corp. (TSX VENTURE:NNX) (the "Company" or "Nickel
North") is pleased to announce that it has completed the non-brokered private
placement announced in news releases dated March 7th, 2013 and May 2nd, 2013. As
a result Nickel North issued 16,666,667 common shares of the Company, issued on
a flow-through basis, at a purchase price of $0.30 per share for gross proceeds
of $5,000,000.10 in cash. 


Nickel North has paid finder's fees of $46,875 and issued 250,000
non-transferable common share purchase warrants (each a "Finder's Warrant") with
each Finder's Warrant entitling the holder to purchase one common share of the
Company at an exercise price of $0.35 per share for a period of two years.


All of the above securities are subject to a hold period expiring on September
30, 2013.


Funds from the private placement will be used solely for exploration purposes on
the Hawk Ridge Ni-Cu Project located in northern Quebec. 


Nickel North also wishes to announce that Gege (Anna) Mao has been appointed as
an officer of the Company in the role of Executive Director. Her
responsibilities are expected to include investor relations, financing related
activities and general administration. Additionally the Company has accepted Min
Kuang's resignation as Corporate Secretary and has appointed Cathy Wang the
Company's CFO to fill the position. Min Kuang will remain as a director of the
Company. 


On behalf of Nickel North Exploration Corp. 

Phillip Mudry P Geol. President and CEO 

Disclaimer for Forward-Looking Statements 

All statements, other than statements of historical fact, included herein are
forward-looking statements that are subject to risks and uncertainties.
Forward-looking statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate", "expect",
"likely" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements in this news release include a statement about Ms.
Mao's new responsibilities as Executive Director. Forward-looking statements are
subject to business and economic risks and uncertainties and other factors that
could cause actual results of operations to differ materially from those
contained in the forward-looking statements. Important factors that could cause
actual results to differ materially from the Company's expectations include
fluctuations in commodity prices and currency exchange rates; uncertainties
relating to interpretation of drill results and the geology, continuity and
grade of mineral deposits; the need for cooperation of government agencies and
native groups in the exploration and development of properties and the issuance
of required permits; the need to obtain additional financing to develop
properties and uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs and uncertainty
of meeting anticipated program milestones; and uncertainty as to timely
availability of permits and other governmental approvals. Forward-looking
statements are based on estimates and opinions of management at the date the
statements are made. The Company does not undertake any obligation to update
forward-looking statements except as required by applicable securities laws.
Investors should not place undue reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nickel North Exploration Corp.
Corporate Communications
604-609-6182
invest@nickelnorth.com
www.NickelNorth.com

Nickel North Exploration (TSXV:NNX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024