Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) announced details of its proposed private placement offering of up to 7,500,000 flow-through units (“FT Units”) at $0.04 per unit and 21,500,000 hard dollar units (“HD Units”) at $0.035 per unit, aiming to raise aggregate gross proceeds of $1,052,500. Each unit includes common shares and warrants exercisable for three years at $0.07. Proceeds from FT Units will fund exploration expenditures at the Gochager Lake Project in Saskatchewan, qualifying as flow-through critical mineral mining expenditures under Canada’s Tax Act, while HD Unit proceeds will support general exploration, project development, and corporate needs. The offering, expected to close on or about Nov. 21, 2024, is being conducted under the Listed Issuer Financing Exemption and awaits regulatory and exchange approvals.
To view the full press release, visit: https://ibn.fm/Z8bUu
About Fathom Nickel Inc.
Fathom is a junior exploration company focused on exploring for and developing world class nickel camps in the province of Saskatchewan.
NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF
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