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GRAND FALLS-WINDSOR, Newfoundland and Labrador, Sept. 28, 2026 (GLOBE NEWSWIRE) — First Atlantic Nickel & Cobalt Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P210) (“First Atlantic” or the “Company”) is pleased to announce that it has closed a no-warrant, non-brokered private placement (the “Offering”) for aggregate gross proceeds of $3,767,700.25. Following this closing, the Company has raised aggregate gross proceeds of approximately $9.925 million from financings completed in September 2026. The Offering consisted of 2,333,667 flow-through common shares of the Company (each, an “FT Share”) at a price of $0.75 per FT Share, and 2,570,000 charity flow-through common shares of the Company (each, a “CFT Share”) at a price of $0.785 per CFT Share. Each FT Share and CFT Share qualifies as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada). No warrants were issued in connection with the Offering.
