First Atlantic Nickel Corp. (FAN.V)

First Atlantic Nickel Closes $2.1M No-Warrant Investment at 58% Premium to VWAP, Led by Strategic Investor for 9.98% Stake

VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or “FAN” or the “Company”) is pleased to announce that subject to the final approval of the TSX Venture Exchange (the “Exchange”), the Company has closed a non-brokered private placement led by a strategic investor, of 9,928,571 flow-through shares (the “FT Shares”) issued at a price of C$0.21 per FT Share, for aggregate gross proceeds of $2,084,999.9