Power Nickel Announces Up to C$10 Million Upsize on Its Previously Announced Best Efforts Private Placement

Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Power Nickel Inc. (the "Company" or “Power Nickel”) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that due to significant demand, it has decided to upsize its previously announced “best efforts” private placement offering (the “Offering”) by up to C$10 million, bringing the aggregate total proceeds of the Offering up to C$50 million. The Offering consists of (i) the previously announced C$40 million of Quebec flow-through shares (the "FT Shares") and, (ii) up to C$10 million of non-flow through common shares (the "HD Shares" and together with the FT Shares, the "Offered Securities"). The price of the Offered Securities is C$2.83 for each FT Share and C$1.45 for each HD Share.

Read more at globenewswire.com