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5 December 20221 minute read

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. ‎

Find out more here.

The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and ‎included Ruby Chan and Patrick Teichreb.‎