Niko Closes Equity Financing

Niko Resources Ltd. (TSX - NKO) has closed the previously announced equity financing. At closing, a total of 2,000,000 common shares were issued at a price of $34.50 per common share for gross proceeds of $69,000,000.

Net proceeds from the issue will be used to fund the ongoing exploration and development activities of the Company and for general working capital purposes.

The underwriting syndicate was led by FirstEnergy Capital Corp. and included Canaccord Capital Corporation, Orion Securities Inc., Octagon Capital Corporation, and Maison Placements Canada Inc.