Flying Nickel Mining Corp. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.16 per unit for aggregate gross proceeds of up to CAD 800,000 on January 26, 2023. Each unit will consist of one common share of the company and one share purchase warrant, with each warrant entitling the holder to purchase one additional share of the company at a price of CAD 0.20 per share for three years.

The transaction may include participation from insiders. The securities issued will be subject to a hold period of four months plus one day from the date of issue. The company may pay finder's fee of up to 7% finder units.

Each finder unit will consist of one common share of the company and one non-transferable share purchase warrant, with each warrant entitling the holder to purchase one additional share of the company at a price of CAD 0.20 per share for three years. Closing of the transaction is expected to occur on or about February 15, 2023.