Nicola Mining Announces Closing of Private Placement and Grant of Stock Options
NOT T FOR DIST TRIBUTION N TO UNITED STATES S NEWSWIR RE SERVIC CES OR FOR R DISSEM MINATION IN THE UN NITED STA ATES
TSX.V: N NIM
NICOLA A MINING A ANNOUNC CES CLOSIN NG OF PRIV VATE PLAC CEMENT A AND GRANT T OF STOC CK OPTION NS
VANCO
OUVER, BC, April 28, 2020 – Nic cola Mining g Inc. (the “Company”) is please ed to announce that, furth her to its New ws Release o of April 23, 2021, it has s completed its non-brok kered private p placement (t the “Offerin ng”), pursu uant to whic ch it issued d an aggrega ate of 13,33 33,334 shares (e each, a “Sha are”) at a pr rice of $0.15 5 per Share for gross p proceeds of u up to $2,000 0,000. There we ere no finder r’s fees assoc ciated with t the Offering g.
The aggregate gross proceeds from the s sale of the Offering ar re expected to be used d for repayme ent of conver rtible debent tures, genera al working c capital, and a a normal cou urse issuer b bid.
All secur rities issued d in connect tion with th he Offering are subject t to a statut tory hold period expiring four months s and one da ay after closi ing of the Of ffering.
None of the securitie es sold in co onnection wi ith the Offer ring will be registered u under the U United States Se ecurities Act of 1933, as amended, a and no such securities m may be offer red or sold i in the United States absent registration n or an applicable exemp ption from th he registration requirem ments. This new ws release sh hall not cons stitute an of ffer to sell o or the solicit tation of an offer to buy y nor shall ther re be any sal le of the secu urities in any y jurisdiction in which s such offer, so olicitation or sale would be e unlawful.
The Com mpany also a announces t that it has g granted an a aggregate of f 300,000 sto ock options to an employee for the pu urchase of u up to 300,00 00 common shares of th he Company y pursuant to its Stock Op price of $0.16 per ption Plan. Each option n is exercisa able for a p period of 5 y years at a p common n share.
On behal lf of the Board of Directo ors
“Peter Espig”
Peter Esp pig CEO & D Director
For addit tional inform mation conta act:
Peter Espig Telephone: 778.385.1213 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.