Karora Resources

Dumont Nickel Project - 8.4 billion pounds of nickel resources - Abitibi

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Message: Toronto-based Royal Nickel Corp. (RNX-T) said it has closed its

previously announced royalty and private placement transaction with Orion Mine Finance. RNC has received gross proceeds of $12.6-million from Orion in exchange for a 0.75 per cent net smelter return royalty in the Dumont Nickel Project and 10 million RNC common shares, issued at 39.5 cents per share.

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