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Tartisan Nickel Down 43% as It Raises $600,000 After Closing the Second Tranche of a Flow-Through Financing

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Tartisan Nickel (TN.CN) shares were last seen down 43% after the company on Tuesday said it closed the second tranche of a flow-through share financing that raised $600,000.

The company said it sold an undisclosed number of the tax-advantaged shares priced at $0.32 apiece in the tranche.

Proceeds will be used to incur eligible Canadian Exploration Expenses which will be renounced to subscribers, and will be directed toward continued exploration and development activities at its Kenbridge Nickel-Copper-Cobalt project, Sioux Narrows, Northwestern Ontario.

Shares of the company were last seen down $0.12 to $0.15 on the Canadian Securities Exchange.

Price: $0.15, Change: $-0.12, Percent Change: -43.40%

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