Flying Nickel Mining Corp. announced a a non-brokered private placement to issue 1,250,000 units at an issue price of CAD 0.16 per unit for the gross proceeds of CAD 200,000 on April 17, 2023. The transaction will include participation from individual investor Lupascu and will be granted a total of 100,000 incentive stock options to purchase common shares in the capital of the company, with an exercise price at the closing market price of April 21, 2023. The options will vest at CAD 0.125 per quarter for the first two years following the grant date and will expire on April 24, 2028. Each unit consists of one common share and one share purchase warrant with each warrant entitling the holder to purchase one additional share of the company at a price of CAD 0.20 per share for three years. No finder's fees were paid in connection with the transaction. The securities issued as part of the placement will be subject to a four-month hold period.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee.