DLA Piper Canada advised FPX Nickel on $12 million equity investment from strategic investor
On December 1, 2022, FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX”) announced that it had completed a private placement financing with a new corporate strategic investor in the amount of $12 million, representing an investment of 9.95%.
FPX is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. FPX intends to use the net proceeds of the private placement primarily for development activities, including the completion of a preliminary feasibility study and continuance of ongoing environmental baseline activities.
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The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and included Ruby Chan and Patrick Teichreb.