Class 1 Announces Flow-Through Closing
CLASS 1 ANNOUNCES FLOW-THROUGH CLOSING
Toronto, Ontario (December 17, 2020) – Class 1 Nickel and Technologies Ltd. (CSE: NICO)
("Class 1 " or the " Company") is pleased to announce the closing of its non-brokered private
placement of flow-through shares at an issue price of $1.10 per share (the “ Offering”) which
closed on December 16, 2020.
The Company raised a total of $1,499,999.60 from the sale of 1,363,636 flow-through shares in
the Offering.
All securities will be subject to a four-month hold period from the closing date. On this closing,
the Company paid a total of $119,999.97 in compensation to certain finders.
Proceeds of the Offering will be used to satisfy drilling commitments under the Company’s option
agreement with Quebec Precious Metals Corporation for the Somanike Property located in the
Abitibi region of Quebec.
Class 1 Nickel and Technologies Limited (CSE: NICO) is a mineral resource company focused
on the development of its 100% owned Alexo-Dundonald Project, a portfolio of komatiite hosted
magmatic nickel-copper-cobalt sulphide resources located near Timmins, Ontario, as well as
developing and exercising the option over the Somanike komatiite hosted nickel copper project in
Quebec, which includes the famous Marbridge Mine.
For more information, please contact:
Benjamin Cooper, President
T: 416.454.0166
For additional information please visit our new website at www.class1nickel.com and our
Twitter feed: @Class1Nickel.
This press release may include forward-looking information within the meaning of Canadian
securities legislation, concerning the business of the Company. Forward-looking information is
based on certain key expectations and assumptions made by the management of the Company.
Although the Company believes that the expectations and assumptions on which such forward-
looking information is based on are reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no assurance that they will prove to
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be correct. Forward-looking statements contained in this press release are made as of the date of
this press release. The Company disclaims any intent or obligation to update publicly any
forward-looking information, whether as a result of new information, future events or results or
otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or
accepted responsibility for the adequacy or accuracy of this press release.