New Stock Arbitrage — Royal Nickel Corporation
Royal Nickel Corp is multi-asset Canada based metal mining company. It is primarily into acquisition, exploration, evaluation, and development of base metal and precious metal properties. Its principal activity is producing Beta Hunt Gold and nickel mine.
RNC announced on August 26, 2019 that it has entered into an agreement with a syndicate of underwriters led by Haywood Securities Inc. pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 45,000,000 common shares of the Company, at a price of $0.40 per Common Share, for gross proceeds to the Company of $18,000,000. The Offering is scheduled to close on or about September 20, 2019.