On December 14, 2023, Premium Nickel Resources Ltd. closed the transaction. The company will now issue 13,133,367 common shares at an issue price of CAD 1.20 per Common Share for the gross proceeds of CAD 15,760,040.4. In consideration for the services provided by the Agents under the Offering, the Company paid to the Agents an aggregate cash commission of CAD 796,983.66, representing 6% of the gross proceeds of the Offering. In connection with the Offering, EdgePoint Investment Group Inc subscribed for an aggregate 1,265,800 Common Shares at an issue price of CAD 1.20 per share for the gross proceeds of CAD 1,518,960.

The company has raised CAD 1,098,000.2817 ($818,243) pursuant to Regulation D from 3 investors.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 60 placees including existing insider involvement of 5 insiders for 493,333 and pro group involvement of 2 pro groups for 186,668.