(VANCOUVER, BC) Hard Creek Nickel Corporation (the "Company") - The Company has completed its previously announced non brokered private placement, initially targeting 8,400,000 Units.
The Company closed 3,043,333 Units at $0.18 per Unit. Each Unit consisted of one share and one share purchase warrant. Each full warrant is exercisable at Cdn. $0.25 for two years. The securities and warrants issued have a hold period expiring 4 months plus one day after issuance (May 28, 2012 and July 3, 2012).
Hard Creek Insiders that participated in the Private Placement amounted to 30.56% or 930,000 Units.
Proceeds of the private placement will be used for general working capital.
A finders' fee was paid on a portion of this private placement, 6% of gross cash proceeds plus warrants exercisable at $0.25 for two years, equal to 6% of units placed in connection with this private placement.
MARK JARVIS, President
HARD CREEK NICKEL CORPORATION
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