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<\/p>\nQu\u00e9bec Nickel Corp. (CSE: QNI) is arranging a private placement of: (i) up to $5 million of units at a price of $0.20 per unit; and (ii) up to $2 million of flow-through shares (each, a \u201cFT Share\u201d) at a price of $0.24 per FT share and up to $3 million Qu\u00e9bec flow-through shares (each a Qu\u00e9bec FT Share), at a price of $0.25 per Qu\u00e9bec FT Share for maximum aggregate gross proceeds of up to $10,000,000 (the \u201cOffering\u201d). The Offering is being led by EMD Financial Inc.<\/p>\n
Each Unit will be comprised of one common share (Common Share) in the capital of the company and one-half of common share purchase warrant of the company. Each whole warrant will entitle the holder thereof to acquire one additional common share at a price of $0.30 for a period of two years for the closing date of the offering. The FT Shares and Qu\u00e9bec FT Shares will qualify as \u201cflow-through shares\u201d within the meaning of subsection 66(15) of the Income Tax Act (Canada).<\/p>\n
The net proceeds from the issuance of the Units will be used for general working capital purposes. The gross proceeds from the issuance of the FT Shares and Qu\u00e9bec FT Shares will be used for Canadian exploration expenses and will qualify as \u201cflow-through mining expenditures\u201d, as defined in subsection 127(9) of the Income Tax Act (Canada) and under section 359.1 of the Taxation Act (Qu\u00e9bec) (the \u201cQualifying Expenditures\u201d), which will be incurred on or before December 31, 2023 and renounced to the subscribers with an effective date no later than December 31, 2022 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares and Qu\u00e9bec FT Shares, as the case may be.<\/p>\n
In addition, with respect to Qu\u00e9bec resident subscribers of Qu\u00e9bec FT Shares and who are eligible individuals under the Taxation Act (Qu\u00e9bec), the Canadian exploration expenses will also qualify for inclusion in the \u201cexploration base relating to certain Qu\u00e9bec exploration expenses\u201d within the meaning of section 726.4.10 of the Taxation Act (Qu\u00e9bec) and for inclusion in the \u201cexploration base relating to certain Qu\u00e9bec surface mining expenses or oil and gas exploration expenses\u201d within the meaning of section 726.4.17.2 of the Taxation Act (Qu\u00e9bec).<\/p>\n
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In connection with the Offering, the Company will pay finder\u2019s fees and issue finder warrants to EMD Financial Inc. as well as any other registrants participating in the Offering consisting of: (i) cash finder\u2019s fees of up to 6% of the gross proceeds of the Offering; and (ii) finder warrants in an amount equal to up to 6% of the number of Units, FT Shares and QC FT Shares issued pursuant to the Offering, exercisable at a price of $0.30 per Common Share for a period of two (2) years following the Closing Date.<\/p>\n
The Units offered as a part of the Offering shall be offered (i) pursuant to applicable prospectus exemptions in accordance with National Instrument 45-106 \u2013 Prospectus Exemptions or in Qu\u00e9bec pursuant to Regulation 45-106 \u2013 Prospectus Exemptions (collectively, \u201cNI 45-106\u201d), and (ii) to purchasers resident in all provinces of Canada, except Qu\u00e9bec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \u201cListed Issuer Financing Exemption\u201d). The Company may issue up to an aggregate of 22,500,000 Units for maximum aggregate gross proceeds of $4,500,000 under the Listed Issuer Financing Exemption.<\/p>\n
Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. All other securities issued pursuant to the Offering will be subject to the statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.
\nThere is an offering document related to the Offering that can be accessed under the Company\u2019s profile at www.sedar.com and on the Company\u2019s website at www.quebecnickel.com. Prospective investors should read this offering document before making an investment decision.<\/p>\n
The Offering is anticipated to close on or about December 8, 2022, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadians Securities Exchange (CSE).<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Qu\u00e9bec Nickel Corp. (CSE: QNI) is arranging a private placement of: (i) up to $5 million of units at a price of $0.20 per unit; and (ii) up to $2 million of flow-through shares (each, a \u201cFT Share\u201d) at a price of $0.24 per FT share and up to $3 million Qu\u00e9bec flow-through shares (each a Qu\u00e9bec FT Share), at a price of $0.25 per Qu\u00e9bec FT Share for maximum aggregate gross proceeds of up to $10,000,000 (the \u201cOffering\u201d). The Offering is being led by EMD Financial Inc.<\/p>\n","protected":false},"author":24,"featured_media":25170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56,59],"tags":[2106,146,890,2086,2085],"class_list":{"0":"post-25184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-metals","9":"tag-investing-in-nickel","10":"tag-mining","11":"tag-nickel","12":"tag-qni","13":"tag-quebec-nickel-corp"},"acf":[],"yoast_head":"\n