Tartisan Nickel Corp. Announces the Closing of a $1 Million Flow Through Financing with Probity Mining at $0.43 PER Unit
44 Victoria Street, Suite 1102, Toronto, Ontario, Canada M5C 1Y2
PRESS RELEASE: FOR IMMEDIATE RELEASE
TARTISAN NICKEL CORP. CLOSES $1 MILLION FLOW-THROUGH
FINANCING WITH PROBITY MINING AT $0.43 PER UNIT
Toronto, Canada, December 21 , 2020 – Tartisan Nickel Corp. (CSE: TN; OTC:TTSRF;
FSE:A2D) (“Tartisan”, or the “Company” ) is pleased t o announce that the Company has closed
a financing with Probity Mining 2020 -II Short Duration Flow-Through Limited Partnership for
2,325,582 units of the Company at the price of $0.43 per unit for an aggregate subscription price
of $1,000,000.26. Each unit comprises one flow-through share and one-half of one warrant. Each
full warrant will entitle the holder thereof to acquire one additional common share of the
Company exercisable at a price of $0.60 per warrant share for a period of 2 years from the
Closing date. A finder’s commission of 6% cash and 6% brokers warrants was paid to Qwest
Investment Fund Management Ltd and an additional 1% brokers warrants were paid to Limelight
Advisory Services.
The proceeds from the flow -through financing will be used to implement the exploration and
development of th e Company’s flagship Kenb ridge Nickel Project, Atikwa Lake Area,
Northwestern Ontario. The Technical Report and Updated Mineral Resource E stimate of the
Kenbridge Nickel Project (Sedar, September 17, 2020), provided recommendations for a surface
exploration and definition drilling plan, in addition to geotechnical, metallurgical and
environmental work to advance t he Kenbridge Nickel Proj ect. The Company intends to
commence the work program as outlined in the Technical Report this winter season 2021.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company which
owns; the Kenbridge Nickel Project in northwestern Ontario; the Sill Lake Silver Property in
Sault Ste. Marie, Ontario as well as the Don Pancho Manganese -Zinc-Lead-Silver Project in
Peru. The Company has an equity stake in; Eloro Resources Limited, Class 1 Nickel and
Technologies Limited and Peruvian Metals Corp.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (C SE:TN;
OTC:TTSRF; FSE:A2D). Currently there are 104,329,132 shares outstanding (110,431,458 fully
diluted).
For further information, plea se contact Mark Appleby, President & CEO and a Director of the
Company, at 416 -804-0280 ( [email protected]). Additional information about Tartisan
Nickel Corp. can be found at the Company’s website at www.tartisannickel.com or on SEDAR
at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward -looking statements
address future events and conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor
disapproved of the contents of this press release.