Alliance Nickel Limited entered into a share subscription agreement for the private placement of common shares for gross proceeds of AUD 15 million on April 27, 2023. The transaction will include participation from new investor, Stellantis N.V. for 11.5% shareholding and rights to nominate one director to the Alliance board. The transaction is subject to customary closing conditions, including regulatory approvals.
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- Alliance Nickel Limited announced that it expects to receive AUD 15 million in funding from Stellantis N.V.