Royal Nickel Corporation

Royal Nickel Corporation

December 30, 2008 16:06 ET

Royal Nickel Corporation Announces Closing of $500,000 Financing With the MineralFields Group

TORONTO, ONTARIO--(Marketwire - Dec. 30, 2008) - Royal Nickel Corporation. (the "Company") is pleased to announce the completion of a private placement with the MineralFields Group. A total of 200,000 units ("Units") at a price of $2.50 per Unit were sold for gross proceeds of $500,000. Each Unit consists of one flow-through common share and one-half of one non flow-through common share purchase warrant. Each whole warrant will be exercisable into one common share for two years from the closing date at an exercise price of $3.50.

"We are very pleased to be entering into this relationship with MineralFields Group", said Roland Horst, President and CEO. "This is an important milestone in the growth of Royal Nickel Corporation and we look forward to working with MineralFields Group as we develop the Dumont nickel deposit in the Val D'Or/Amos mining region of Quebec".

About Royal Nickel Corporation

Royal Nickel Corporation is a private nickel development company which owns 100% of the Dumont nickel sulphide deposit in the Val D'Or/Amos mining region of Quebec. For more information about Royal Nickel Corporation please visit our website at:

http://www.royalnickel.com

About MineralFields, Pathway and First Canadian Securities ®

MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®.

Roland Horst, President & CEO

Contact Information

  • Royal Nickel Corporation
    Roland Horst
    President & CEO
    (416) 363-0649
    Website: www.royalnickel.com