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Core Nickel Corp. ( (TSE:CNCO) ) has issued an update.
Arizona Copper and Gold Ltd. (ACG) and Core Nickel Corp. have successfully closed their concurrent brokered private placements, raising a total of $3,191,450 through the issuance of 2,659,421 Subscription Receipts. This financing is part of a strategic move towards a proposed business combination where Core Nickel will acquire all securities of ACG, resulting in a reverse takeover. The funds raised will support ACG’s balance sheet and facilitate its anticipated exchange listing in early 2026, coinciding with the start of a drill program at the McCabe gold mine. The transaction reflects strong insider confidence, with significant investments from ACG’s management and board.
More about Core Nickel Corp.
Average Trading Volume: 90,657
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.47M
For a thorough assessment of CNCO stock, go to TipRanks’ Stock Analysis page.