Share:
Nuinsco or the
Company ) (CSE:NWI) today announced that it has closed a non-brokered private placement offering in two tranches, issuing 20,750,000 flow-through units (each, a
Unit ) at a subscription price of $0.02 per Unit for aggregate proceeds of $415,000 (the
Offering ).
Common Share ) issued on a flow-through basis pursuant to the
Income Tax Act (Canada) and one warrant (
Warrant ). Each Warrant entitles the holder thereof to purchase one common share of the Company (non-flow-through) at an exercise price of $0.05 per share for a period of 24 months from the Issue Date.
Proceeds of the Offering will qualify as Canadian Exploration Expenses as defined in subsection 127(9) of the
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