Mike
Not surprised.
Canada Nickel Shares Rise on $18.5 Million Samsung SDI InvestmentJan 13, 202401:51 GMT+10:30006400−2.04%CNC+6.33%By Adriano MarcheseCanadian nickel-sulphide company Canada Nickel shares climbed Friday morning after the company said that Samsung SDI has invested $18.5 million to acquire a nearly 9% stake in the company.Shares gained 2.5% to 1.62 Canadian dollars ($1.21) at 10:01 a.m. ET, from an earlier high of C$1.77.The company entered into a subscription agreement for South Korean battery and electronic materials manufacturer Samsung SDI to acquire about 15.6 million shares in the company, giving it an 8.7% interest in the company at C$1.57 a share.Additionally, Samsung SDI will receive the right to purchase a 10% equity in Canada Nickel's production coming out of the Crawford project in Timmins, Ontario.Write to Adriano Marchese at [email protected]
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MikeNot surprised.Canada Nickel Shares Rise on $18.5 Million...
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7 | 2481713 | 0.007 |
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