Canada Nickel jumps after Agnico Eagle Mines invests C$34.7 mln

Canada Nickel

02/01/2024 16:06

** Shares of Canada Nickel Co  CNC.V  rise 15.8% to C$1.32 
    ** Co completes private placement of flow-through units and
announces Agnico Eagle Mines  AEM.TO  as an investor
    ** AEM acquired 19.6 mln units for aggregate gross proceeds
of C$34.7 mln and now holds 12% of CNC's issued and outstanding
common shares on a non-diluted basis
    ** Co says it has also entered into an investor rights
agreement under which AEM can nominate one person to CNC's board
    ** AEM shares marginally down at C$72.09
    ** CNC stock fell ~35% in 2023

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))