Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

First Nickel completes US$28.7 million equity offering and US$3.2 million debt for equity exchange

Reading Time 1 minute read Subscribe

First Nickel

On November 12, 2010, First Nickel Inc. (TSX:FNI) announced that it had completed its offering of 239,582,948 units of the company for total gross proceeds of $28,749,953 (including units issued on exercise of the agents' option to increase the size of the offering, an increase of approximately 15%). Paradigm Capital Inc., as lead, and Raymond James Ltd. acted as agents for the offering. In addition, Resource Capital Fund IV L.P. exchanged US$3,171,059 of its US$5,000,000 outstanding bridge loan for 28,132,580 units. First Nickel was advised in these transactions by Fasken Martineau with a team that included Michael Bourassa, Nancy Eastman, Brad Freelan and Andrew Teehan (corporate/securities), Neil Smiley (real estate) and Mitchell Thaw (tax).


    Receive email updates from our team