Electrum Strategic Opportunities Fund buys stake in Nickel Creek Platinum
Electrum buys 300,000 shares in Oakville-based Nickel Creek Platinum in a private placement for CAD$405,000, bringing its holding to about 49.84%.
Electrum Strategic Opportunities Fund L.P. subscribed for 300,000 common shares of Nickel Creek Platinum Corp. at CAD$1.35 per share, for an aggregate price of CAD$405,000, in a private placement that closed on October 28, 2026.
After the placement, Electrum and its joint actors hold 3,746,826 common shares and 584,000 warrants, about 49.84% of the issued shares or about 53.46% on exercise of the warrants. Electrum says the securities were acquired for investment purposes and that it may increase or decrease its holding depending on market conditions. The filing was made under Canadian early warning rules.
Deal facts
- Target
- Nickel Creek Platinum
- Business
- Mineral exploration company based in Oakville, Ontario
- Buyer
- Electrum Strategic Opportunities Fund L.P.
- Deal type
- Minority stake
- Headquarters
- Oakville, ON
- Value
- CAD$405,000
- Status
- Completed
- Announced
- Friday, October 30, 2026
Sources
- CisionOct 30, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.