Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) announced that it had closed a private placement offering by issuing 2 million units at $0.125 each for proceeds of $250,000.
Each unit comprised one common share and one-half of a share purchase warrant, allowing each whole warrant holder to buy an additional common share at $0.225 per share, with a two-year expiry.
The funds will be directed toward Québec Nickel's general working capital needs, supporting its ongoing activities in critical metals exploration.
The company noted that the placement did not involve any finder's fees and no directors or officers participated.