Fund buying at North American Nickel (NAN)

Fund buying at North American Nickel (:NAN)

Updated Friday Jun 09, 2017 02:41 AM EDT
Sentient Executive GP IV, Limited (for the general partner of Sentient Global Resources Fund IV, L.P.), a 10% Holder, acquired 94,666,666 Common Shares on a direct ownership basis at a price of $0.075 through a prospectus or prospectus exempt offering on June 8th, 2017. The insider also acquired 47,333,333 Warrants with an exercise price of $0.120 expiring June 8, 2019. This represents a $7,100,000 investment into the company's shares and an account share holdings change of 42.4%.

North American Nickel is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

North American Nickel Inc. is engaged in the exploration and development of mineral properties in Canada and Greenland. The Company operates in two geographic segments: Canada and Greenland. The Company has a license (the Sulussugut License - license number 2011/54) for exploration rights of an area located near Sulussugut, Greenland. The Company also has an additional license (the Ininngui License) for exploration rights over an area covering a total of over 142 square kilometers license and located near Ininngui, Greenland. The Ininngui License is contiguous with the Sulussugut License. Its Sudbury nickel properties include Post Creek (Bedrock-hosted Mineral Exploration Claims), Halcyon and Maniitsoq. The Company's Sudbury properties, which are explored by the Company, are exploration properties without mineral reserves. The Company has an agreement with Minelco AS (Minelco) to acquire the deepwater Seqi Port.


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