NiCAN Raises CA$4.05 Million Via Non-Brokered Private Placement

02:01 PM EST, 11/04/2026 (MT Newswires) -- NiCAN (NICN.V) raised gross proceeds of around CA$4.05 million through a non-brokered private placement, it said Wednesday. The company sold around 23.14 million flow-through shares to subscribers at a price of CA$0.175 each, it said. The company expects to use the proceeds to advance its exploration projects in Manitoba. The offering remained subject to the TSX Venture Exchange's final approval, added NiCAN. The company's shares were last seen unchanged at CA$0.125 on the TSX Venture Exchange.