Talon to raise cash for Minnesota nickel project

TSX-listed base metals company Talon Metals has announced a C$27.5-million bought-deal public offering and a concurrent private placement to advance its Tamarack nickel project, in the US.

A syndicate of underwriters, led by TD Securities, has agreed to purchase 38.2-million shares on a bought-deal basis at C$0.72 each, the nickel company says.

The underwriters have been granted an over-allotment option for an additional 5.73-million shares.