FPX Nickel Announces Full Exercise of Participation Rights by the Company's Three Strategic Investors and Completion of Resultant Private Placement [Yahoo! Finance]
OUTOKUMPU OYJ U/ADR NEW (OUTKY)
NASDAQ:AMEX Investor Relations:
outokumpu.com/en/investors
Company Research
Source: Yahoo! Finance
with the $14.4 million strategic investment by Sumitomo Metal Mining Canada Ltd. (" SMCL ") which closed on January 22, 2024 , the Company's three strategic investors have fully exercised their participation rights to re-establish their respective initial ownership interest in FPX's issued and outstanding common shares (" Common Shares In connection with the exercise of the participation rights, the Company has completed an additional private placement (" Private Placement ") through the issuance of a total of 8,981,971 Common Shares of the Company to the three strategic investors (the Corporate Strategic Investor, Outokumpu Oyj, and SMCL) at a price of per Common Share, for gross proceeds of On completion of the Private Placement, FPX has a cash position of approximately $45 million , which the Company estimates to be sufficient to fund its planned activities for 2024 and 2025. Details of the participation by each of the Company's three strategic investors are provided below. C
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