SPC Nickel Corp. announced a non-brokered private placement of a maximum of 33,333,333 shares to raise aggregate gross proceeds of up to CAD 3,000,000 on June 1, 2023. The company will issue common shares at an issue price of CAD 0.09 per share and flow-through common shares at an issue price of CAD 0.105 per FT share in any combination.

The Company may pay to eligible finders assisting in the Offering a cash commission equal to 6% of the gross proceeds raised by such finders; and such number of compensation warrants as is equal to 6% of the total number of Common Shares and/or FT Shares sold by such finders. Each Compensation Warrant shall be exercisable to acquire one Common Share at an exercise price of CAD 0.105 per Common Share for a period of 12 months following the date of issuance. The transaction remains subject to the approval of the TSX Venture Exchange.