Website - http://www.nickelventures.com/docs/index.html
Toronto ON M5J 2H7
Phone: 416 628 5929
Fax: 416 360 0550
Warrant Symbol - INV.WT
Number Trading - 5,577,500
Expiration Date - Nov 18, 2008
Cusip - 460061 12 0
Exercise Price - $2.25
Warrants called to trade news:
Int'l Nickel closes $19.52-million financing
International Nickel Ventures Corp (INV)
International Nickel Ventures Corp. (INV) has closed its previously announced bought deal financing of 11,155,000 units at a price of $1.75 per unit for gross proceeds to INV of $19,521,250. At closing the underwriters (as defined below) exercised their overallotment option in full. Each unit consisted of one common share in the capital of INV and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one additional common share at a price of $2.25 until Nov. 18, 2008.
The units were sold through CIBC World Markets Inc. and Canaccord Adams.
Concurrent with the closing of the offering, INV completed its previously announced private placement of 2,032,434 units on the same terms as the offering for additional gross proceeds to the company of approximately $3,556,760. The securities issued and issuable in the concurrent private placement are subject to a statutory four-month hold period from closing.
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