Nickel Creek Platinum Announces Close of Non-Brokered Private Placement
NICKEL CREEK PLATINUM ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION
OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/
OAKVILLE, ONTARIO, September 26, 2024 – Nickel Creek Platinum Corp. (TSX: NCP) (" Nickel Creek"
or the " Company”) is pleased to announce that it has closed on its previously announced non -brokered
private placement (the “Private Placement”) pursuant to which the Company has issued a total of 505,000
common shares of the Company (each, a “ Common Share”) at a price of $0. 90 per Common Share for
gross proceeds of approximately $ 0.45 million. The Company’s largest shareholder, Electrum Strategic
Opportunities Fund L.P. (“Electrum”), acquired all of the Common Shares issued in the Private Placement.
The net proceeds from the Private Placement will be used for general corporate purposes.
All Common Shares issued under the Private Placement are subject to a statutory hold period of four
months and one day from the date of closing.
Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions
(“MI 61-101”), the Private Placement would constitute a “related party transaction” as Electrum (and certain
other insiders of the Company) will subscribe for Common Shares. These transactions will be exempt from
the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value
of any Common Shares subscribed for by insiders pursuant to the Private Placement will not exceed 25%
of the Company's market capitalization.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in
the United States nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful . The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may
not be offered or sold in the United States unless registered under the 1933 Act and any applicable
securities laws of any state of the United States or an applicable exemption from the registration
requirements is available.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and
development company and its asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a
large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a
unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shäw Project has
exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway,
which further offers year-round access to deep-sea shipping ports in southern Alaska.
The Company is led by a management team with a proven track record of successful discovery,
development, financing and operation of large -scale projects. Our vision is to create value for our
shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-
looking information can generally be identified by the use of forward -looking terminology such as "may",
"will", "expect", "intend", "believe", "contin ue", "plans" or similar terminology, or negative connotations
thereof. All information in this release, other than information of historical facts, including, without limitation,
statements with respect to general future plans and objectives for the Compan y and the Nickel Shäw
Project, are forward-looking information that involve various risks and uncertainties. Although the Company
believes that the expectations expressed in such forward -looking information are based on reasonable
assumptions, such expectations are not guarantee s of future performance and actual results or
developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the
forward-looking information discussed herein, and about our business in general, investors should review
the Company's most recently filed annual informat ion form, and other continuous disclosure filings which
are available at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward -looking
information. The Company does not undertake to update any forward -looking information, except in
accordance with applicable securities laws.
Nickel Creek Platinum Contact:
Stuart Harshaw
President & Chief Executive Officer
1-416-304-9318