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

To: Goose94 who wrote (6946)	7/17/2014 8:49:37 AM
From: Goose94	Read Replies (1) \| Respond to of 203399

Royal Nickel (RNX-T) July 17, '14 announced today that the underwriters of its public offering of 8,340,000 units ("Units") that closed on July 11, 2014 have exercised their over-allotment option and have purchased an additional 1,251,000 Units at a purchase price of C$0.60 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant is exercisable at a price of C$0.80 and entitles the holder thereof to acquire one common share of the Company on or before July 11, 2016. The gross proceeds to RNC resulting from the exercise of the over-allotment option are C$0.75 million, for total gross proceeds from the offering of C$5.75 million. The Units were issued pursuant to an underwriting agreement with a syndicate of underwriters led by Scotia Capital Inc. and including Salman Partners Inc., Clarus Securities Inc., Haywood Securities Inc., Jacob Securities Inc. and Macquarie Capital Markets Canada Ltd. RNC will use the proceeds of the offering primarily to continue to advance its Dumont Nickel Project ("Dumont"), including detailed engineering work in connection with securing certain long-lead items, supporting the permitting process and other related development activities, as well as for general working capital purposes. The securities referred to in this news release have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. _________________________________________________________________________________ July 11, '14 - NR Royal Nickel Corp. has closed its previously announced public offering of units. Pursuant to the offering, RNC issued 8.34 million units at a price of 60 cents per unit for aggregate gross proceeds of $5-million. Each unit is composed of one common share of the company and one-half of one common share purchase warrant. Each whole warrant is exercisable at a price of 80 cents and entitles the holder thereof to acquire one common share of the company on or before July 11, 2016.The units were issued pursuant to an underwriting agreement with a syndicate of underwriters led by Scotia Capital Inc. and including Salman Partners Inc., Clarus Securities Inc., Haywood Securities Inc., Jacob Securities Inc. and Macquarie Capital Markets Canada Inc. In addition, the company has granted the underwriters an overallotment option to purchase up to that number of additional units or components thereof equal to 15 per cent of the units sold pursuant to the offering, exercisable at any time up to 30 days after the closing of the offering. RNC will use the proceeds of the offering primarily to continue to advance its Dumont nickel project, including detailed engineering work in connection with securing certain long-lead items, supporting the permitting process and other related development activities, as well as for general working capital purposes.