Tartisan Nickel Corp. Arranges $4,482,000 Flow-Through Financing at $0.57 PER Unit and Has Closed First Tranche
44 Victoria Street, Suite 1102, Toronto, Ontario, Canada M5C 1Y2
PRESS RELEASE: FOR IMMEDIATE RELEASE
TARTISAN NICKEL CORP. ARRANGES $4,482,000 FLOW-THROUGH
FINANCING AT $0.57 PER UNIT AND HAS CLOSED FIRST TRANCHE
Toronto, Canada, June 8 , 2021 – Tartisan Nickel Corp. (CSE:TN; OTC:TTSRF;
FSE:A2D) (“Tartisan” or the “Company”) is pleased t o announce that the Company has
arranged a $4,482,022.29 flow-through financing and has closed the first tranche of the
financing. The first tranche was comprised of 3,336,797 flow-through units of the
Company at the price of $0. 57 per unit for an aggregate subscription price of
$1,901,974.29. Each unit comprise s one flow-through share and one -half of one
warrant. E ach full warrant will entitle the holder thereof to acquire one additional
common share of the Company exercisable at a price of $0. 85 per warrant share for a
period of 2 years from the Closing date . A finder’s co mmission of 6% cash and 6%
brokers warrants w ill be paid to eligible agents . The second tranche aggregate
subscription price of $2,580,048 is scheduled to close on or about June 18, 2021. The
units issued under the flow -through financing are subject to a hold period expiring four
months and one day from the closing date of the tranche.
The proceeds from the flow -through financing will be used to fund the exploration and
development of th e Company’s flagship Kenbridge Nickel Project, Atikwa Lake Area,
Kenora Mining District, Ontario. The (Amended) Technical Report and Updated Mineral
Resource E stimate of the Kenbridge Nickel Project (SEDAR, June 1, 202 1), provides
recommendations for a surface exploration and a definition drilling plan, in addition to
geotechnical, metallurgical and environmental work to advance t he Kenbridge Nickel
Project. The Company has commenced the work program as outlined in the Technical
Report and intends to implement a summer 2021 drill program.
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 , Peruvian Metals
Corp. and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange
(CSE:TN; OTC:TTSRF; FSE:A2D). There are currently 108,669,929 shares outstanding
(115,363,910 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.