NEW YORK North
American Nickel Inc. has raised slightly less than Canadian
$2.6 million ($2.48 million) through a non-brokered private
placement of shares, short of the C$7.5 million ($7.17 million)
it had hoped to raise.
The North Vancouver,
British Columbia-based company announced the private placement
in April (
amm.com, April 17).
Sentient Group, George Town, Cayman Islands, and VMS Ventures
Inc., North Vancouver, each subscribed to shares in the
offering. This gives Sentient a 29.9-percent stake in the
miner, and VMS 27.5 percent.
The proceeds of this
financing will be used to fund North American Nickels
2013 exploration and drill program for its Maniitsoq
nickel-copper-cobalt-platinum group metal project in southwest
Greenland and general working capital purposes, the company