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Premium Nickel Resources Ltd. closes C$7.77M brokered private placement offering

Date Closed

February 24, 2023

Lead Office



7.77 Million CAD

On February 24, 2023, Premium Nickel Resources Ltd. (“PNRL”) closed its "best efforts" brokered private placement offering. The offering consisted of 4,437,184 common shares of PNRL that were issued at a price of C$1.75 per common share for gross proceeds of C$7.77 million.

Paradigm Capital Inc. (“Paradigm Capital”) acted as lead agent and sole bookrunner on behalf of a syndicate of agents.

Paradigm Capital, based in Toronto, Ontario, is an employee-owned independent Canadian investment dealer focused on companies with excellent long-term, secular growth characteristics.

PNRL, based in Toronto, Ontario, is a mineral exploration and development company focused on the discovery and advancement of high-quality nickel, copper and cobalt resources.

McCarthy Tétrault advised Paradigm Capital with a team led by Eva Bellissimo and Nancy Choi that included Lama Kahiel (Business).