Sudbury’s Transition Metals has closed a private placement financing of more than $2 million.
The April 16 announcement comes days after earlier financing news of a $1.5-million investment by Royal Nickel Corp. into Transition Metal’s 65 per cent-owned subsidiary, Sudbury Platinum Corporation, to advance its flagship Aer-Kidd nickel project in the Sudbury basin.
Company president and CEO Scott McLean said the completion of this financing is a real momentum-builder.
“The company is now well positioned for the return of bull markets with a great team in place, strong financial position, committed partners, diverse commodity exposure and an excellent pipeline of exploration projects.”
