FPX Nickel Announces Increase to Private Placement

World News: . []

VANCOUVER, British Columbia, March 14, 2018 (GLOBE NEWSWIRE) -- FPX Nickel Corp. (TSX.V:FPX) (“” or the “”) is pleased to announce that as a result of positive investor response to its previously announced private placement offering of 5,416,666 common shares (“Common Shares”) of the Company at a price of $0.12 per Common Share (the “”) for gross proceeds of $650,000 (see news release dated February 26, 2018), the Company has decided to increase the size of the offering up to a maximum of 12,250,000 Common Shares at the Issue Price, for aggregate gross proceeds of up to $1,470,000 (the “”).

The proceeds raised from the Private Placement will be used for the Company’s ongoing internal trade-off studies on the Baptiste Deposit at its flagship Decar Nickel District in central British Columbia, and for general working capital purposes.

All the securities issued pursuant to this private placement will be subject to a four (4) month hold period. The Private Placement is expected to close on or around March 16, 2018, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including acceptance by the TSX Venture Exchange.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s website at or contact Martin Turenne, President and CEO, at (604) 681-8600.

On behalf of FPX Nickel Corp. "" Martin Turenne, President, CEO and Director

Suite 725 – 1155 West Pender StreetVancouver, BC Canada V6E 2P4Tel: 604.681.8600

More news and information about FPX Nickel Corp.

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Globe Newswire: 11:30 GMT Wednesday 14th March 2018

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