Flying Nickel Closes 2nd Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $58,000 and Appoints Chief Legal Officer
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) has closed the second tranche of its non-brokered private placement, raising $58,000 through the issuance of 1,160,000 units at $0.05 per unit. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.06 for three years. The proceeds will be used for general working capital and administrative purposes.
The company has also appointed Alex Bayer as Chief Legal Officer, effective October 2, 2024. Bayer, a corporate securities lawyer with over 15 years of experience in the mining sector, has been granted 200,000 stock options at an exercise price of $0.055, vesting quarterly over two years. Additionally, Sara Knappe has been appointed as Corporate Secretary, replacing Marion McGrath.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ha chiuso la seconda tranche del suo collocamento privato non mediato, raccogliendo $58.000 tramite l'emissione di 1.160.000 unit脿 al prezzo di $0,05 per unit脿. Ogni unit脿 comprende un'azione comune e un warrant, che consente l'acquisto di un'azione aggiuntiva a $0,06 per tre anni. I proventi saranno utilizzati per la copertura delle spese generali e amministrative.
L'azienda ha anche nominato Alex Bayer come Direttore Legale, con effetto dal 2 ottobre 2024. Bayer, un avvocato esperto in titoli societari con oltre 15 anni di esperienza nel settore minerario, ha ricevuto 200.000 opzioni su azioni a un prezzo di esercizio di $0,055, che matureranno trimestralmente per due anni. Inoltre, Sara Knappe 猫 stata nominata Segretario Aziendale, sostituendo Marion McGrath.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ha cerrado la segunda tranche de su colocaci贸n privada no mediada, recaudando $58,000 a trav茅s de la emisi贸n de 1,160,000 unidades a $0.05 por unidad. Cada unidad incluye una acci贸n ordinaria y una opci贸n, que permite la compra de una acci贸n adicional a $0.06 durante tres a帽os. Los ingresos se utilizar谩n para gastos generales y administrativos.
Adem谩s, la empresa ha designado a Alex Bayer como Director Legal, con efecto a partir del 2 de octubre de 2024. Bayer, un abogado especializado en valores corporativos con m谩s de 15 a帽os de experiencia en el sector minero, ha recibido 200,000 opciones sobre acciones a un precio de ejercicio de $0.055, que se consolidar谩n trimestralmente durante dos a帽os. Adicionalmente, Sara Knappe ha sido nombrada Secretaria Corporativa, reemplazando a Marion McGrath.
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Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) a cl么tur茅 la deuxi猫me tranche de son placement priv茅 non interm茅di茅, levant 58 000 $ gr芒ce 脿 l'茅mission de 1 160 000 unit茅s au prix de 0,05 $ par unit茅. Chaque unit茅 comprend une action ordinaire et un bon de souscription, permettant l'achat d'une action suppl茅mentaire 脿 0,06 $ pendant trois ans. Les produits seront utilis茅s pour le fonds de roulement g茅n茅ral et les frais administratifs.
L'entreprise a 茅galement nomm茅 Alex Bayer comme Directeur Juridique, effectif le 2 octobre 2024. Bayer, avocat en valeurs mobili猫res d'entreprise avec plus de 15 ans d'exp茅rience dans le secteur minier, a re莽u 200 000 options d'achat d'actions 脿 un prix d'exercice de 0,055 $, qui seront acquises par trimestres sur deux ans. De plus, Sara Knappe a 茅t茅 nomm茅e Secr茅taire d'Entreprise, rempla莽ant Marion McGrath.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) hat die zweite Tranche ihrer nicht vermittelten Privatplatzierung abgeschlossen und $58.000 durch die Ausgabe von 1.160.000 Einheiten zu einem Preis von $0,05 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und eine Warrant, die den Kauf einer zus盲tzlichen Aktie zu $0,06 f眉r drei Jahre erm枚glicht. Die Einnahmen werden f眉r allgemeine Betriebskosten und Verwaltungskosten verwendet.
Das Unternehmen hat au脽erdem Alex Bayer zum Chief Legal Officer ernannt, mit Wirkung zum 2. Oktober 2024. Bayer, ein Unternehmensanwalt f眉r Wertpapiere mit 眉ber 15 Jahren Erfahrung im Bergbau, hat 200.000 Aktienoptionen zu einem Aus眉bungspreis von $0,055 erhalten, die viertelj盲hrlich 眉ber zwei Jahre hinweg f盲llig werden. Dar眉ber hinaus wurde Sara Knappe zur Unternehmenssekret盲rin ernannt und ersetzt Marion McGrath.
- Raised $58,000 through private placement for working capital
- Appointed experienced Chief Legal Officer with mining sector expertise
- Granted 200,000 stock options to new Chief Legal Officer, aligning interests with shareholders
- CEO's participation in private placement may raise conflict of interest concerns
- Dilution of existing shareholders due to new share issuance
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") announces that, further to its news release dated August 30, 2024, and September 25, 2024, it has closed the second tranche of its non-brokered private placement offering (the "Private Placement") raising gross proceeds of
Each Unit consists of one common share of the Company ("Share") and one share purchase warrant with each warrant (the "Warrant") entitling the holder to purchase one additional Share at a price of
The securities issued in connection with the Private Placement will be subject to a regulatory hold period and cannot be traded until January 28, 2025.
Proceeds of the Private Placement are expected to be used for general working capital and administrative purposes.
No finder's fee was paid in connection with the second tranche of the Private Placement.
John Lee, CEO and a Director of the Company, subscribed for 800,000 Units for gross proceeds of
The Company is also pleased to announce the appointment of Alex Bayer as its Chief Legal Officer, to lead all legal matters for the Company, effective as of October 2, 2024.
Alex is a seasoned corporate securities lawyer with over 15 years of experience, specializing in the mining sector. He has extensive expertise in advising mining companies on a wide range of matters, including public and private financings, mergers and acquisitions, regulatory compliance, and corporate governance. Known for a deep understanding of securities laws and the unique challenges of the mining industry, Alex has successfully guided companies through complex transactions and strategic initiatives, including bringing mines into commercial production, while ensuring legal and regulatory requirements are met.
The Company further announces that its board of directors has approved the grant of incentive stock options (the "Options") to Mr. Bayer to acquire a total of 200,000 common shares in the capital of the Company at an exercise price of
Mr. Bayer has agreed to accrue
Mr. Bayer's engagement as Chief Legal Officer is through his consulting company, Bayer Law Corporation.
The Company also appoints Sara Knappe as Corporate Secretary to replace Ms. Marion McGrath. The Company would like to thank Ms. McGrath for her valuable contributions during her tenure with the Company.
About Flying Nickel Mining Corp.
Flying Nickel is an exploration-stage mining company focused on vanadium and nickel resources. The Company owns a
Further information on Flying Nickel can be found at .
FLYING NICKEL MINING CORP.
ON BEHALF OF THE BOARD
John Lee
Chief Executive Officer
For more information about Flying Nickel, please contact:
Suite 1610 - 409 Granville Street
Vancouver, BC V6C 1T2
Phone: 1.877.664.2535 / 1.877.6NICKEL
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
FAQ
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