OR TO U.S. NEWS AGENCIES Nunavik Nickel Mines Ltd. 2864 chemin Sullivan
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES
OR TO U.S. NEWS AGENCIES
Nunavik Nickel Mines Ltd.
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
819.824.2808 (main)
819.824.3379 (fax)
NUNAVIK NICKEL MINES CLOSES $282,975 PRIVATE PLACEMENT FINANCING
Val-d’Or, Québec, March 30, 2017 — Nunavik Nickel Mines Ltd. (TSX-V: KZZ; “Nunavik Nickel” or
the “Company”) is pleased to announce that it has closed its previously announced non- brokered private
placement offering (the “Financing”) for gross proceeds of $282,975, having issued 4,353,461 units (the
“Units”) at a per Unit price of $0.065, each Unit consisting of one common share in the capital of the
Company and one non- transferable common share purchase warrant, each warrant entitling the holder to
purchase one common share in the capital of the Company at a per share price of $0.085 until March 30,
2019.
As announced by news release dated March 27, 2017, t he Financing ha s been oversubscribed by
1,253,461 Units such that, on closing, the Company will issue 4,353,461 Units rather than up to
3,100,000 Units as previously announced on February 27, 2017.
In connection with the Financing, the Company issued an aggregate 225,200 common shares at a deemed
per share price of $0. 065 to Canaccord Genuity Corp. in satisfaction of an aggregate $ 14,638 in finder’s
fees representing 8% of the purchase proceeds received from subscribers introduced to the Company by
Canaccord. The Company also issued to the finder non-transferable warrants entitling the purchase of an
aggregate 225,200 common shares at a per share price of $0. 085 until March 30, 2019, representing 8%
of the number of Units placed with the assistance of the finder.
In accordance with applicabl e securities legislation and the policies of the TSX Venture Exchange, all
securities issued under the Financing, including securities issued in satisfaction of finder’s fees, are
subject to a hold period until July 31, 2017.
The proceeds raised from this Financing will be used by Nunavik Nickel for general corporate purposes.
For additional information, please contact:
Glenn J. Mullan
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: [email protected]
Forward Looking Statements:
This news release contains certain statements that may be deemed “forward-looking statements. Forward
looking statements are statements that are not historical facts and are g enerally, but not always, identified
by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”
and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Although the Company believes the expectations expressed in such forward -looking statements are based
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on reasonable assumptions, such statements are not guarantees of future performance and actual results or
realities may differ materially from those in forward looking statements. Forward looking statements are
based on the beliefs, estimates and opinions of the Company’s management on the date the statements are
made. Except as required by law, the Company undertakes no obligation to update these forward-looking
statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts re sponsibility for the adequacy or accuracy of this news
release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN
OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED
STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT 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 U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.