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Transition Metals Corp.: Transition Metals Announces that Spinout Company SPC Nickel Has Closed a $7.82 Million Over-Subscribed Private Placement and Filed a Preliminary Prospectus for a Public Listing on TSX Venture Exchange

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Sudbury, Ontario (Newsfile Corp. - December 15, 2020) -
Transition Metals Corp. (TSXV: XTM) ( Transition , XTM , or the Company ) is pleased to announce that SPC Nickel Corp (
SPC ), formerly Sudbury Platinum Corporation (see SPC press release December 15, 2020), a company that Transition created through the spinout of its Aer-Kidd asset in the Sudbury Basin, has closed an over-subscribed non-brokered private placement which resulted in gross proceeds of $7,823,158 (
the Offering). SPC has filed a preliminary prospectus with the securities regulatory authorities in Ontario, Alberta and British Columbia in connection with an application to list its common shares (the Common Shares ) on the TSX Venture Exchange. The Offering was led by strategic investment partner Dundee Goodman Merchant Partners (DGMP) and the filing of preliminary prospectus by SPC represents a significant milestone in Transition s execution of the Project Generator business model. Transi ....

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SPC Nickel Corp.: SPC Nickel Closes $7.82 Million Over-Subscribed Private Placement and Files Preliminary Prospectus

SPC Nickel Corp.: SPC Nickel Closes $7.82 Million Over-Subscribed Private Placement and Files Preliminary Prospectus
SPC Nickel Corp. (
Company ) (formerly Sudbury Platinum Corp.)
is pleased to announce it has closed an over-subscribed non-brokered private placement of the Company raising gross proceeds of $7,823,158 (
the Offering). In addition, the Company and has filed a preliminary prospectus with the securities regulatory authorities in Ontario, Alberta and British Columbia in connection with an application to list its common shares (the Common Shares ) on the TSX Venture Exchange. The Offering was led by strategic investment partner Dundee Goodman Merchant Partners (DGMP) and represents a significant milestone in the Company s path towards a public listing targeted for Q1 of 2021 (see press release dated August 25, 2020). ....

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