Nickel Mines: Completes $148m placement

February 15, 2022

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Nickel Mines Completes $148m placement

Nickel Mines (NIC) successfully completes its fully underwritten institutional placement and raises $148 million
On February 9, NIC announced it would be undertaking a US$225 million (A$313.58 million) capital raising to fund a 30 per cent interest in the Oracle Nickel Project
Under the institutional placement, a total of 108.1 million new ordinary shares were issued to new and existing institutional shareholders at $1.37 each
The capital raising also consits of a US$106 million (A$147.73 million) conditional placement and US$13 million (A$18.11 million) share purchase plan
NickelMines ends the day 1.37 per cent in the red with shares trading at $1.44