North American Nickel Announces Private Placement
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 PRIVATE PLACEMENT
Vancouver, British Columbia, August 8, 2017 — North American Nickel Inc. (the "Company" or “NAN”)
(TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) is pleased to annou nce that it has
entered into an agreement to complete a non -brokered private placement (the “Placement”) of
40,982,448 units (“Units”) at a price of $0.075 per Unit for aggregate gross proceeds of $ 3,073,683.65 to
certain subscribers, including, Sentient E xecutive 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 issuan ce date, at
a price of $0.12.
Sentient, which is an insider and a related party of the Company, currently beneficially owns, or exercises
control or direction over, 317,809,821 common shares (or, approximately 61.88% of the issued and
outstanding common shares) of the Company and 107,071,612 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 a nd 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 or 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 Comp any'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 a vail 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 Placeme nt is subject to, among other
things, approval of the TSXV.
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 promulg ated 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 the Company
The Company is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland
and Sudbury, Ontario.
The Maniitsoq property in Greenland is a Camp scale project comprising 2,985 square kilometres
covering numerous high -grade nickel -copper sulphide occurrences associated with norite and other
mafic-ultramafic intrusions of the Greenland Norite Bel t (GNB). The belt is greater than 75 kilometres long
and situated along, and near, the southwest coast of Greenland accessible from the existing Seqi deep
water port (see the Company's news release dated January 19, 2015) with an all year round shipping
season and abundant hydro-electric potential.
The Company's 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 an interpreted extension of the Whistle Offset embayment structure. 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 cert ain “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 timing 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 contain ed 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 oth er factors that could cause actual events or results to differ materially 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 actual 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 C ompany 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 date 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 a ctions, events or results not to be anticipated, estimated or intended. 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 1934 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.