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Address: 901 - 357 Bay St
Toronto ON M5H 2T7
Phone: 416 363 0649
Fax: 416 363 7826
Website: http://www.royalnickel.com

Warrant Symbol - RNX.WT
Number  Trading - 9,750,000
Expiration Date - December 16, 2012
Cusip - 780357 11 7

Warrants called to trade news

Royal Nickel closes $45-million IPO
2010-12-16 08:02 MT - News Release

Royal Nickel Corporation (the "Company") - An application has been granted for the original listing in the Mining category of 109,620,819 common shares (the "Common Shares") of the Company, of which 83,977,453 will be issued and outstanding and 25,643,366 will be reserved for issuance upon completion of an initial public offering (the "Offering").

An application has also been granted for the listing of 9,750,000 common share purchase warrants (the "Warrants"), all of which will be issued and outstanding.

The Common Shares and Warrants will be sold to the public in the form of 14,500,000 units ("Units") at a price of $2.25 per unit and 5,000,000 flow-through units ("Flow-Through Units") at a price of $2.50 per flow-through unit. Each Unit will consist of one Common Share and one-half of one Warrant. Each whole Warrant will entitle the holder to acquire one Common Share at a price of $3.00 for a period of 24 months from the closing of the Offering. Each Flow-Through Unit will consist of one common share of the Company to be issued as a ''flow-through share'' within the meaning of the Income Tax Act (Canada) and one-half of one Warrant. The Units will separate immediately upon issuance.

Listing of the Common Shares and Warrants will become effective at 5:00 p.m. on Wednesday, December 15, 2010 in anticipation of the Offering closing before the opening on Thursday, December 16, 2010. The Common Shares and Warrants will be posted for trading at the opening on December 16, 2010.

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