Royal Nickel Corporation fka RNX

[SPARK]

"By raising a targeted amount of capital through this flow-through financing, we will be able to investigate the regional potential near Dumont and, most importantly, follow up on a single high-grade intersection (1.25 metres of 4.37 per cent nickel, 5.56 grams per tonne (g/t) palladium and platinum, 0.46 per cent copper, and 0.13 per cent cobalt) discovered in 2011 at the basal contact of the intrusion. It is prudent to follow up on this discovery at this time, to ascertain whether further high-grade mineralization exists along the footwall contacts outside the known Dumont orebody, particularly as our exploration team has now largely finished its work for the Dumont feasibility study," said Tyler Mitchelson, president and chief executive officer of Royal Nickel.