Nicola Clarifies Terms of Non-Brokered Private Placement
TSX.V: NIM
FSE: HLIA
OTCQB: HUSIF
NICOLA CLARIFIES TERMS OF NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, B.C., March 14, 2025 – Nicola Mining Inc. ( TSX.V: NIM) (FSE: HLI) (OTCQB:
HUSIF, (the “Company” or “Nicola”) announces that, further to its News Release of March 12,
2025, it wishes to clarify the terms of the private placement (the “Offering”) that closed on March
12, 2025, whereby it issued 4,038,955 Units for aggregate gross proceeds of $1,130,907.40 and
paid $63,827.36 in finder’s fees for net proceeds of $1,067,080.00.
Each Unit consists of one common share of the Company (each, a “Share”) and one-half of one
transferable share purchase warrant (each whole warrant, a “ Warrant”), with each Warrant
entitling the holder thereof to purchase one additional Share (each, a “ Warrant Share”) of the
Company at a price of $0.40 per Warrant Share for a period of three years from the closing of the
Offering. If during the exercise period of the Warrants, but after the resale restrictions on the
Shares have expired, the Shares trade on the TSX Venture Exchange (the “Exchange”) (or such
other exchange on which the Shares may be traded at such time) at a closing price of $0.60 or
greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate
the expiry of the Warrants by giving notice to the holders thereof (by disseminating a press release
advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants
will expire on the thirtieth (30th) day after the date of such notice.
The aggregate gross proceeds from the Offering are expected to be used for general working
capital.
Qualified Person
William Whitty, P. Geo., VP of Exploration for the Company, is the Qualified Person as defined
by National Instrument 43-101 - Standards of Disclosure for Mineral Projects has reviewed and
approved the technical disclosure contained in this news release.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange
that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It
has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s
fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a high-grade copper property, which
covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is adjacent
to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the
Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an
area exceeding 2,200 hectares.
On behalf of the Board of Directors
“Peter Espig”
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (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.