Victory Nickel Inc. (TSX: NI) has completed a $658,828 non-brokered private placement financing. Pursuant to the private placement, the company issued 3,429,139 units of securities for $0.20 per unit. Each unit includes1 common share of the company and ½ of a common share purchase warrant. Each warrant enables the holder to purchase 1 common share for $0.26 for a period of 12 months from closing of the private placement.
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Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources.
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