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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1004)	4/24/2013 9:14:05 AM
From: Goose94	Respond to of 202718

North American Nickel (NAN-V) closes first tranche of financing April 22, 2013 - News Release North American Nickel Inc. has closed the first tranche of its previously announced non-brokered private placement (see April 17, 2013, news release). Gross proceeds of $4,458,345 were raised through the issue of 26,225,561 units. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of 21 cents, exercisable until April 22, 2015. Finders' fees of $62,009.50 have been paid in cash in connection with the private placement. All securities issued pursuant to the private placement are subject to a hold period, and may not be traded until Aug. 20, 2013, as to 15,931,149 units, and Aug. 23, 2013, as to 10,294,412 units. As announced on April 17, 2013, and related to Multilateral Instrument 61-101, protection of minority shareholders in special transactions, an additional closing on proceeds of $2,595,752.27 from the Sentient Group and VMS Ventures is expected to take place on or about June 13, 2013. These funds are currently held in trust and will be released to the company upon the company's disinterested shareholders ratifying approval of that closing at the annual and special general meeting scheduled for that day. The proceeds of this financing will be used to finance the company's 2013 exploration and drill program for its highly prospective Maniitsoq nickel-copper-cobalt-platinum group elements project in southwest Greenland, and for general working capital purposes. The company also announces that it has granted 200,000 stock options to members of the company's advisory board, exercisable at a price of 15 cents per share for a period of five years. We seek Safe Harbor. ______________________________________________________________________________________ Letter to Shareholders - April 23, 2013 Dear North American Nickel followers, Yesterday we announced the closing of the first tranche of a $7.05 million dollar non-brokered private placement. We believe that our ability to raise such a large amount of money, above the current trading price of our shares and during a particularly difficult market for junior exploration companies speaks to the tremendous discovery potential of our Maniitsoq nickel-copper-cobalt Platinum Group Metals project, located in S.W. Greenland. We maintain, and our financiers agree that the Maniitsoq project has the potential to become a major new sulphide nickel mining camp with continued exploration successes and one located in a stable jurisdiction, adjacent to year-round navigable tide water. Our drilling successes of last year will now be followed up by a large exploration program this coming summer, starting in the coming weeks and the details will be released as they are finalized. We look forward to the weeks and months ahead as we begin an exciting period of drilling and other exploration activities designed to build on our discoveries of last summer in Greenland. Best regards, John Roozendaal Director, North American Nickel Inc. President & Director, VMS Ventures Inc. VMS owns 27.5% of NAN