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
