North American Nickel Announces Fully-Subscribed Private Placement of $17,500,000 including a $15,000,000 Strategic Investment with Contemporary Amperex Technology Co., Limited
NORTH AMERICAN NICKEL INC.
2200-1055 W. Hastings Street
Vancouver, BC
V6E 2E9
Tel: (604) 770-4334
Toll Free: 1-866-816-0118
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
North American Nickel Announces Fully-Subscribed Private Placement of
$17,500,000 including a $15,000,000 Strategic Investment with Contemporary
Amperex Technology Co., Limited
Vancouver, British Columbia, March 29 , 2018 — North American Nickel Inc. (the "Company" or “NAN”)
(TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) is pleased to announce that it has entered
into agreements to complete a non -brokered private placement (the “Placement”) of up to 233,333,333
units (“Units”) at a price of $0.075 per Unit for aggregate gross proce eds of $17,500,000. The Placement
includes a $15,000,000 strategic investment from Contemporary Amperex Technology Co., Limited
(“CATL”) and a $1,000,000 investment from Sentient Executive GP IV, Limited (for the general partner of
Sentient Global Resources Fund IV, L.P.) (collectively, “Sentient”).
Each Unit consists of one common share in the capital of the Company and one-half of one common share
purchase warrant of the Company (each whole common share purchase warrant, a "Warrant"). Each
Warrant will entitle the holder thereof to acquire one common share of the Company at any time prior to
5:00 p.m. (Toronto time) on the date that is twenty-four (24) months following its issuance date, at a price
of $0.12.
Under a subscription agreement between CATL and the Company, CATL intends to su bscribe for
200,000,000 Units in the Placement and will have pre-emptive rights and the right to nominate one director
to the board of directors of NAN. CATL is a Chinese technology compan y founded in 2011 specializing in
the manufacturing of lithium -ion batteries for electric vehicles and energy storage systems, as wel l as
battery management systems. CATL, is rapidly expanding its production of electric car batteries. For further
information regarding CATL please visit http://www.catlbattery.com.
Sentient, which is an insider and a related party of the Company, currently beneficially owns, or exercises
control or direction over, 356,476,487 common shares (or, approximately 64.28% of the issued and
outstanding common shares) of the Company and 126,404,945 common share purchase warrants.
Due to the fact that Sentient is an insider and a related party, its subscription is considered a "related party
transaction" within the meaning of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61 -
101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends
to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI
61-101 contained in sections 5.5(b) and 5.7(a) of MI 61 -101 as no securities of the Company are listed o r
quoted on any of the markets specified in MI 61 -101 and neither the fair market value of the Units nor the
aggregate proceeds of the Placement exceeds 25% of the Company's market capitalization. The Company
expects to file a material change report in respect of the Placement less than 21 days prior to the anticipated
closing of the Placement, which the Company deems reasonable in the circumstances so as to be able to
avail itself of the proceeds of the Placement in an expeditious manner.
The Units (and securities underlying the Units) issued under the Placement will be subject to a four -month
and one day hold period from the date of closing. The closing of the Placement is subject to, among other
things, approval of the TSX Venture Exchange (“TSXV”) and applicable Chinese regulatory approvals.
The Company intends to use the net proceeds of the Placement for the commencement of a work program
and additional exploration and drilling activities to be completed at the Company's Maniitsoq project in
Greenland and for general corporate and working capital purposes.
This press release does not constitute an offer of securities for sale in the United States or to “U.S. persons”
(“U.S. persons”), as such term is defined in Regulation S promulgated under the United States Securities
Act of 1933, as amended, (the “U.S. Securities Act”). The securities being offered have not been, nor will
be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in
the United States or to U.S. persons absent registration or an applicable exemption from such registration
requirements.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq,
Greenland and Sudbury, Ontario.
The Maniitsoq property in Greenland is a Camp scale permitted exploration project comprising 2,985 square
km covering numerous high-grade nickel-copper + cobalt sulphide occurrences associated with norite and
other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along,
and near, the southwest coast of Greenland accessible from the existing Seqi deep water port with an all
year-round shipping season and hydroelectric power potential from a quantified watershed.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing
Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along
the extension of the Whistle Offset dyke struct ure. Such geological structures host major Ni -Cu-PGM
deposits and producing mines within the Sudbury Camp.
Cautionary Note Regarding Forward-looking Statements
This press release contains certain “forward -looking statements” and “forward -looking information” under
applicable securities laws concerning the business, operations and financial performance and condition of
the Company. Forward-looking statements and forward-looking information include, but are not limited to,
statements with respect to the timin g and completion of the Placement, and the availability of regulatory
approvals for the Placement. Except for statements of historical fact relating to the Company, certain
information contained herein constitutes forward -looking statements. Forward -looking statements are
frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”,
“estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.
Forward-looking statements are based on the opinions and estimates of management at the date the
statements are made and are based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ ma terially from those
projected in the forward-looking statements. Many of these assumptions are based on factors and events
that are not within the control of the Company and there is no assurance they will prove to be correct.
Factors that could cause act ual results to vary materially from results anticipated by such forward -looking
statements include the inability to obtain regulatory approvals required in relation to the Placement. The
Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who
rely on forward-looking statements should carefully consider the above factors as well as the uncertainties
they represent and the risk they entail. The Company believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be given that these expectations will
prove to be correct and such forward-looking statements included in this press release should not be unduly
relied upon. These statements speak only as of the dat e of this press release. The Company undertakes
no obligation to update forward-looking statements if circumstances or management’s estimates or opinions
should change except as required by applicable securities laws.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other factors
that cause actions, events or results not to be anticipated, estimated or int ended. Statements concerning
mineral reserve and resource estimates may also be deemed to constitute forward -looking statements to
the extent they involve estimates of the mineralization that will be encountered if the property is developed.
Statements about the Company's future expectations and all other statements in this press release other
than historical facts are "forward looking statements" within the meaning of Section 27A of the U.S.
Securities Act, Section 21E of the Securities Exchange Act of 19 34 and as that term defined in the Private
Litigation Reform Act of 1995. The Company intends that such forward -looking statements be subject to
the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject
to change at any time, the Company's actual results may differ materially from the expected results.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Fedikow
President
North American Nickel Inc.
For more information contact:
North American Nickel Inc.
Jaclyn Ruptash
Corporate Communications
604-770-4334
Toll free: 1-866-816-0118
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.