Pacific Nickel Mines: Raises extra $340.5k through SPP

Pacific Nickel Mines Raises extra $340.5k through SPP

• Pacific Nickel Mines (PNM) completes share purchase plan (SPP) raising an additional $340,500
• The SPP was initiated in November following a placement of 52.5 million shares at 10 cents each, raising $5.25 million
• The combined funds are set towards ongoing exploration and feasibility work at the company’s nickel projects in the Solomon Islands
• In particular, Pacific plans to focus on the Kolosori Nickel Project in the Solomon Islands, where an early works capital program is scheduled
• Shares have been trading 14 per cent higher at 9.4 cents