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First Nickel closes non-brokered US$4.5 million private placement of flow-through common shares

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First Nickel

On August 29, 2008, First Nickel Inc. (TSX: FNI) announced that it had closed a $4.5 million private placement of flow-through common shares. The gross proceeds of the private placement will be used to fund exploration expenses in connection with First Nickel's exploration projects located in Ontario. First Nickel was advised in this transaction by Nancy Eastman and Raziel Zisman of Fasken Martineau.

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Nancy Eastman Toronto Lawyer Nancy Eastman Partner Toronto, ON +1 416 865 4387

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