Poseidon Nickel: Opens share purchase plan to raise $3m

Poseidon Nickel Opens share purchase plan to raise $3m

• Poseidon Nickel (POS) opens share purchase plan (SPP) to raise $3 million as part of a $9 million capital raise to restart the Black Swan project in Kalgoorlie
• The company received firm commitments on December 1 to raise $6 million through a private placement, and launched the SPP for eligible shareholders wishing to participate
• Shareholders will be able to subscribe for up to $30,000 worth of shares at 3.5 cents, with the SPP closing on December 19
• Shares will be issued on December 23
• POS shares are down 2.63 per cent, trading at 3.7 cents at market close