Fletcher Nickel Announces Proposed Private Placement

TORONTO, Aug. 27, 2012 /CNW/ - Fletcher Nickel Inc. (Canadian Unlisted Board: FL) announces that it plans to undertake a non-brokered private placement of up to 4,000,000 units (the "Units") priced at $0.05 per Unit with each Unit consisting of one common share (the "Share") and one common share purchase warrant (a "Warrant") with each Warrant entitling the holder to acquire a further share at a price of $0.10 per Share at any time within three years from the Closing. The gross proceeds of up to $200,000 will be added to the Company's working capital.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The foregoing information may contain forward-looking statements relating to the future performance of Fletcher Nickel Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Fletcher Nickel Inc. plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Fletcher Nickel with securities regulators. Fletcher Nickel does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. We seek safe harbour.

 

SOURCE: Fletcher Nickel Inc.

Bruce Hodgman
Communications Director
Direct: [phone] (ext: 103)
[email protected]