Core Points - Arizona Copper and Gold Ltd. and Core Nickel Corp. have successfully closed their concurrent brokered private placements, raising a total of $3,191,450 through the issuance of 2,659,421 Subscription Receipts at a price of $1.20 each [2][3][4] Financing Details - The financing round saw strong participation from insiders, with management and the board of ACG investing over $1 million, totaling more than $4 million in insider investments [3][10] - The Concurrent Offerings included 1,297,168 ACG Subscription Receipts raising $1,556,601 and 1,362,374 Core Nickel Subscription Receipts raising $1,634,849 [4][6] Proposed Transaction - The Concurrent Offerings are part of a proposed business combination where Core Nickel will acquire all outstanding securities of ACG, resulting in a reverse takeover [4][9] - Upon completion of the Proposed Transaction, each Subscription Receipt will convert into one common share of Core Nickel and one purchase warrant, with an exercise price of $1.50 for three years [5][6] Use of Proceeds - The net proceeds from the Concurrent Offerings are intended to fund exploration activities at the Eagle Project and for general corporate purposes [9] Agent Compensation - The agents involved in the Concurrent Offerings will receive a cash fee of $151,623, which is 6% of the gross proceeds, along with 126,352 Broker Warrants [8]