FPX Nickel Endorsed by New Corporate Strategic Investor explains CEO Martin Turenne

Mining Stock Education · Nov 30, 2022 · 21m

FPX Nickel (TSXV:FPX; OTC:FPOCF) CEO Martin Turenne explains the just-announced endorsement of the company’s Baptiste Nickel Project in central British Columbia by a new corporate strategic investor. Via a private placement, FPX will issue 24,000,000 common shares in the capital of the Company to the Strategic Investor at a price of $0.50 per Common Share, for gross proceeds of $12 million which is a approximately 27% premium to market. Upon completion of the Private Placement, the Strategic Investor will own approximately 9.95% of FPX’s issued and outstanding Common Shares on a non-diluted…