Nickel North Announces Non-Brokered Private Placement of Convertible Debenture
AC/13212759.3
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
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 Non-Brokered Private Placement
of Convertible Debenture
Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the "Company") announces a non-
brokered private placement of up to $200,000 in unsecured convertible debentures (the
"Debentures") at an interest rate of 5% with a maturity of twelve (12) months (the " Offering").
The Debentures are convertible for the issuance of up to an aggregate of 5,000,000 units (the
"Conversion Units ") at a conversion price of $0.04 per Conversion Unit. Holder(s) of the
Debenture(s) may, at any time and from time to time after 90 days from the closing of the Offering,
elect to convert the outstanding Debenture(s) , including any interest due and unpaid , into
Conversion Units at a price of $0.04 per Conversion Unit. Each Conversion Unit consists of: (i) one
common share, and (ii) one common share purchase warrant (each a "Share Purchase Warrant").
Each 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 $0.08
per share.
Proceeds from the issuance of the Debentures issued will be used for the general working capital.
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 matter of record only. Resales of any
Shares or Warrants that may be place d 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
December 5th, 2024
AC/13212759.3
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
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 informa tion 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 mining 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 to, 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 placed 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.