Nickel North Announces Change of Non-Brokered Private Placement of Convertible Debenture to Units
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
AC/13464912.2
December 10th, 2024 Trading Symbol: "NNX: TSX.V"
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
NEWS RELEASE
Nickel North Announces Change of Non-Brokered Private
Placement of Convertible Debenture to Units
Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the "Company") announces, further
to its news release of December 5, 2024, that it will changes its non- brokered private placement
of unsecured convertible debenture to an offering of up to 6,250,000 units (each a "Unit") at $0.04
per Unit for an aggregate amount of $250,000. E ach Unit consists of: (i) one common share, and
(ii) one common share purchase warrant (each a "Share Purchase Warrant"), with e ach Share
Purchase Warrant will entitle the holder to purchase one common share for a period of two (2)
years from the issuance date of the Share Purchase Warrant at an exercise price of $0.05 per share.
Proceeds from the issuance of the Debentures issued will be used for the general working capital
and none of the proceeds will be used for investor relations activities and non-arm's length party of
the Company. The Company has not determined any specific use that will represent 10% or more of
the gross proceeds.
Certain insiders of the Company may participate in the Offering. Any participation by insiders in
the Offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-
101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company
intends to rely on exemptions from the formal valuation and minority approval requirements of
sections 5.5(a) and 5.7(1)(a) of MI 61 -101 in respect of such insider participation, based on a
determination that fair market value of the participation in the Offering by insiders will not exceed
25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
The Debentures of the Company have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or
sold in the United States, or to or for the account or benefit of any person in the United States,
absent registration or an applicable exemption from the registration requirements. These
securities have been sold and this press release appears as matte r of record only. Resales of any
Shares or Warrants that may be placed within the United States will be restricted in accordance
with applicable laws. The Offering is subject to customary closing conditions and approvals of
applicable securities regulatory authorities, including the TSX Venture Exchange.
About Nickel North Exploration
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-Co-
PGE mineral resource at its Hawk Ridge Project in Northern Quebec. The board of directors, advisor
committee and management team are experienced, successful mine finders. The property consists
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
AC/13464912.2
of a 50 km long belt of strong magmatic Cu-Ni-Co-PGE occurrences covering 179.67 km2. Quebec is
a mining -friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen
maintains good relations with local Inuit communities and is committed to sustainable
development. For more information on the company, please visit www.nnexploration.com or follow
Company on Twitter at https://twitter.com/nickelnorth. Nickel North Exploration Corp. has been
identified as a key player in the Critical and Strategic Minerals value chain by Quebec's Ministry of
Economics and Innovation (MEI) in 2021 (Quebec Plan for the Development of Critical and Strategic
Minerals 2020-2025 (quebec.ca), which is part of Quebec's Plan for the Development of Critical and
Strategic Metals (QPDCSM) and aims to stimulate the exploration and minin g of SCMs, their
transformation and recycling.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Per: "Tony Guo"
Tony Guo
Nickel North Exploration Inc.
Tony Guo. P. Geo, Chief Executive Officer (Tel: +1-778-877-5480)
E-mail: [email protected]
North America IR / PR Jemini Capital
Kevin Shum [email protected]
Tel: +1 (647) 725-3888 x702
For further information please visit http://www.nnexploration.com
This news release may contain forward-looking information, which is not comprised of historical facts. Forward-looking
information involves risks, uncertainties and other factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward -looking information.
Forward- looking information in this news release may include, but is not limited to, the Company's objectives, goals or
future plans. Factors that could cause actual results to differ materially from such forward-looking information include,
but are not limited t o, those risks set out in the Company's public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the forward -looking information in this news release are
reasonable, undue reliance should not be plac ed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the disclosed time frames, or at all. The Company
disclaims any intention or obligation to update or revise any forward looking information, whether as a result of new
information, future events or otherwise, other than as required by law. Neither TSX Venture exchange nor its Regulations
Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.