TORONTO, April 21,
2022 /CNW/ - Nickel Creek Platinum Corp. (TSX: NCP)
(OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to
announce that it has received approximately $911,000 from the exercise of approximately 11.4
million warrants from the Company's largest shareholder, Electrum
Strategic Opportunities Fund L.P. ("Electrum"). The warrants were
issued in conjunction with a private placement completed during
2019. The exercise price of the warrants was $0.08 with expiry dates of July 12, 2024 and August
29, 2024.
Stuart Harshaw, President and
Chief Executive Officer of Nickel Creek, commented: "Nickel Creek
is fortunate to have the continued support of Electrum
demonstrating the endorsement for the Company's plans going
forward."
The proceeds from the exercise of warrants will be used for
ongoing development of the 100%-owned Nickel Shäw Project, and for
general corporate expenses and working capital purposes.
About Nickel Creek Platinum
Corp.
Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) is a
Canadian mining exploration and development company and its
flagship asset is its 100%-owned Nickel Shäw Project. The Nickel
Shäw Project is a large undeveloped nickel sulphide project in one
of the most favourable jurisdictions in the world, with an
attractive mix of metals including copper, cobalt and platinum
group metals. The Nickel Shäw Project has exceptional access to
infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which supports year-round
access to deep-sea shipping ports in southern Alaska. The Company is also investigating
additional opportunities for shareholder value creation.
The Company is led by a management team with a proven track
record of successful discovery, development, financing and
operation of large-scale projects. Our vision is to create value
for our shareholders by becoming a leading North American nickel,
copper, cobalt and PGM producer.
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SOURCE Nickel Creek Platinum Corp.