North American Nickel Files Final Prospectus
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 FILES FINAL PROSPECTUS
Vancouver, British Columbia, June 2 , 2017 – North American Nickel Inc. (TSX VENTURE: NAN)
(OTCBB: WSCRF) (CUSIP: 65704T 108) (the "Company") announces that it has filed a final short form
prospectus in connection with its previously announced proposed marketed offering of units of the
Company (the “Units”). The Company will offer 145,030,833 Units at a price of $0.075 per Unit for
aggregate gross proceeds of approximately $10,877,312 (the "Offering"). The Offering is being conducted
on a best efforts agency basis with Paradigm Capital Inc. (the “Agent”), acting as agent.
Each Unit to be issued under the Offering 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.
The Company has also granted the Agent an option to cover over -allotments (the “Over Allotment
Option”), which will all ow the Agent to arrange for purchasers to acquire up to an additional 15% of the
number of Units initially available under the Offering. The Over Allotment Option is exercisable, in whole
or in part and subject to approval by the Company, up to 30 days fro m and including the closing date of
the Offering.
Sentient Executive GP IV, Limited (for the general partner of Sentient Global Resources Fund IV, L.P)
(collectively, "Sentient") intends to subscribe for 94,666,666 Units for gross proceeds of $7,099,999.27.
Following closing of the Offering, the Sentient Group will hold approximately 61.88% of the issued and
outstanding common shares of the Company. Sentient, which is an insider and a related party of the
Company, beneficially owns, or exercis es control or direction over, 223,143,155 common shares of the
Company or approximately 60.54% of the currently issued and outstanding common shares of the
Company.
The Company intends to use the net proceeds of the Offering 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.
The Offering is being made pursuant to a short form prospectus filed in each of the provinces of British
Columbia, Alberta, Manitoba and Ontario. A copy of the short form prospectus, which contains important
information relating to the Units, is available on SEDAR at www.sedar.com.
The Offering is expected to close on or about June 8, 2017, or on such later date as the Company and
the Agent may agree upon, and is subject to certain customary conditions and regulatory approvals.
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 wi ll 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 project comprising 2,985 square km covering
numerous high -grade nickel -copper 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 (See NAN News
Release dated January 19, 2015) with an all year round shipping season and abundant hydro -electric
potential.
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 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 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 timing and completion of the Offering, related party participation in the
Offering, the availability of regulatory approvals for the Offering and the anticipated use of the net
proceeds from the Offering. 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 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 adequate financing, the inability to obtain regulatory approvals
required in relation to the Offering. The Company cautions that the foregoing list of important factors is
not exhaustive. Investors and others who base themselves 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 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 actions, 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 Securities
Act of 1933, 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.