Tartisan Nickel closes $1.05 million flow-through private placement

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) completed a $1,050,000 flow-through private placement, the Toronto-based company announced.

The company issued 9,130,433 flow-through shares at $0.115 per share. The shares are subject to a four-month and one-day escrow period from the closing date.

Tartisan plans to use the proceeds to advance exploration and development work at its Kenbridge Nickel-Copper-Cobalt Project in the Kenora Mining District, Northwestern Ontario. The company owns the project entirely.

The company paid a 6% commission in share equivalent and 6% broker warrants to eligible agents. Each broker warrant can be exercised at $0.115 and expires twelve months from the issue date.

The securities issued under the private placement require regulatory approval and are subject to applicable statutory holding periods.

Tartisan operates as a critical minerals exploration and development company. The company also owns the Sill Lake Silver Property near Sault Ste. Marie, Ontario and the Night Danger Turtle Pond project near Dryden, Ontario.

The company currently has 140,674,041 shares outstanding and 144,310,756 shares on a fully diluted basis, according to the company statement.

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