Nicola Mining Announces Amendments to Secured Convertible Debentures and Warrants, Issuance of Shares IN Settlement of Interest Owing ON Convertible Debentures, and Extension of Expiry
TSX.V: N
NIC
DEB
INTER
VANCO
announc
the TSX
convertib
and 7,000
(ii) the i
interest o
warrants
The matu
21, 2019
Share. A
The expi
from N o
amended
above $0
On Nove
The Shar
one day a
Pursuant
from Nov
remains t
Insiders
Settlemen
Instrume
The issua
exemptio
market a
exemptio
considera
market c
21 days a
NIM
COLA MINI
BENTURES
REST OWIN
DA
OUVER, B. C
e that, furth
Venture E
ble debentu r
0,882 warran
issuance of
owing on t h
s (the “Nove
urity date o f
and the co n
All other term
iry date of t
ovember 21,
d from $0.5 0
0.34375 for at
ember 23, 2 0
res are sub je
after the clos
t to the Exte
vember 23, 2
the same at
of the Co m
nt, which c o
ent 61-101 P
ance to insid
on containe d
and from the
on containe
ation of the
apitalization
as the payme
NG ANNO
S AND WAR
NG ON CON
TE FOR WA
., Novembe
er to its New
Exchange (t h
res (each, a
nts (each, a
4,941,799 c o
he Debentu r
ember Warra
f the Deben t
nversion p r
ms of the Deb
he Warrants
2017 to N o
0 to $0.275,
t least 10 tra
017, the Co m
ect to a stat u
sing of the D
nsion, the ex
2017 until D
$0.15. All ot
mpany were
onstitutes a
Protection o f
ders is exem
d in sectio n
e minority sh
d in sectio n
Shares issue
n. The Comp
ent of Intere
UNCES AM
RRANTS, IS
NVERTIBLE
ARRANTS I
r 27, 2017 –
ws Releases o
he “ Exchan
“Debenture
“Warrant”)
ommon sh a
res (the “ D
ants”) expiri
tures has b e
rice of the D
bentures rem
s issued in c
ovember 21 ,
with a forc e
ding days. A
mpany issue
utory hold p
Debt Settlem
xpiry date o
ecember 31,
ther terms o
issued an a
“related pa r
Minority Se c
mpt from the
n 5.5(b) as t h
hareholder a
n 5.7(a) of
ed to the re l
pany closed
est is due pur
MENDMENT
SSUANCE O
E DEBENTU
ISSUED ON
Nicola Mi n
of Novembe
nge”) to: (i )
e”) in the a g
that were o
ares (each, a
ebt Settle m
ing on Nove
een extended
Debentures w
main the sam
connection w
, 2019 and
ed conversi o
All other term
d 4,941,799
period expiri
ment.
of 18,689,625
2017. The e
of the Novem
aggregate o f
rty transacti
curity Holde
valuation re
he Compan y
approval req
MI 61-101
lated parties
on the paym
rsuant to the
TS TO SEC
OF SHARES
URES, AND
N NOVEMB
ning Inc. (t h
er 14, 2017, it
) certain a m
ggregate pri
originally iss
a “Share”) i
ment”) and (
ember 23, 20
d from Nove
was amend
me.
with the D e
the exercis e
on in the e v
ms of the W
Shares purs
ing on the d
November
exercise pric
mber Warran
f 4,450,589 S
ion” within
ers in S pecial
equirement
ny’s shares a
quirements o
in that th e
s does not e x
ment of the I
e terms of th
URED CON
S IN SETTL
EXTENSIO
BER 23, 2015
he “Compan
t has receive
mendments
incipal amo u
sued on No
in settleme n
(iii) the ext e
17 (the “Ext
ember 21, 2 0
ed from $0 .
ebentures ha
e price of t h
vent that th e
Warrants rema
suant to the
date that is f
Warrants ha
ce of the Nov
nts remain th
Shares purs u
the meanin
l Transactio n
of MI 61-101
are not list e
of MI 61-101
e fair mar k
xceed 25% o
Interest in Sh
he Debenture
NVERTIBLE
EMENT OF
ON OF EXPI
5
ny”) is pleas
ed approval
to the se c
unt of $7,0 0
vember 21,
nt of $840, 1
ension of c e
tension”).
017 to Nove
.275 to $0.2 2
as been ext e
he Warrant s
e shares tr a
ain the same
Debt Settlem
four months
as been exte
vember War
he same.
uant to the
ng of Multil a
ns (“MI 61- 1
1 by virtue o
ed on a spe c
1 by virtue o
ket value o
of the Comp
hares in less
es.
E
F
IRY
sed to
from
cured
00,882
2014,
105.84
ertain
mber
2 per
ended
s was
ade at
e.
ment.
s and
ended
rrants
Debt
ateral
101”).
of the
cified
of the
of the
any’s
s than
On behalf of the Board of Directors
“Peter Espig”
Peter Espig
CEO & Director
For additional information contact:
Peter Espig
Telephone: (604) 647-0142
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.