Flying Nickel Mining Corp. announced a non-brokered private placement of up to 7,603,862 common shares of the company at a price of CAD 0.079 per share for the gross proceeds of CAD 600,705 on August 28, 2023. The transaction will include participation from returning investor, Norway House Cree Nation.

As a result of the offering, Norway House Cree Nation will own approximately 18.1% of company's common shares. No finders fees are payable in connection with the offering. The securities issued as part of the offering will be subject to a 4-month hold period.

The transaction is subject to the approval of the TSX Venture Exchange.