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Nican Ltd. ( (TSE:NICN) ) has provided an update.
NiCAN Limited has announced a non-brokered private placement to raise up to $1,400,000 through the sale of hard-dollar and flow-through units, with potential to increase the offering by 25% to $1,750,000. The proceeds from the flow-through units will fund eligible Canadian exploration expenses, while funds from the hard-dollar units will support general working capital, with the offering expected to close by October 8, 2025, subject to regulatory approvals.
More about Nican Ltd.
NiCAN Limited is a company involved in the mineral exploration industry, focusing on the development of mineral projects in Manitoba, Canada.
Average Trading Volume: 77,482
Technical Sentiment Signal: Sell
Find detailed analytics on NICN stock on TipRanks’ Stock Analysis page.