Nicola Mining Announces Closing of Debt Settlement

TSX.V: N

VANCOU

further t o

Exchange

$700,088.2

issued on

is four mo

Insiders o

which wil

Protection

was exem

5.5(b) as t

approval

that the f

exceed 25

in Shares

On behalf

“Peter Es

Peter Esp

CEO & D

For additi

Peter Espi

Telephone

Email: pet

Neither the

the TSX V

NIM

NICOL

UVER, B.C.,

o its News R

e (the “Exchan

20 interest o w

n November 2

onths and one

of the Comp a

ll constitute a

of Minority S

mpt from the v

the Company

requirements

fair market v

5% of the Com

in less than 2

f of the Board

pig”

pig

Director

ional informa

ig

e: (604) 647-01

ter@nicolamin

e TSX Venture

Venture Exchan

LA MINING

November 24

Release of N o

nge”) for the i

wing on the

23, 2020. The S

e day after the

any were iss u

a “related pa r

Security Holde

valuation requ

y’s shares are

s of MI 61-101

alue of the c

mpany’s mark

21 days as the

d of Directors

ation contact:

142

ning.com

e Exchange no

nge) accepts res

G ANNOUNC

4, 2020 – Nic

ovember 13,

issuance of 5,

convertible d

Shares are su

e closing of th

ued an a ggreg

rty transactio

ers in Special

uirement of M

e not listed o n

1 by virtue of

onsideration

ket capitalizat

payment of I

r its Regulatio

sponsibility for

CES CLOSING

ola Mining In

2020, it has

,600,705 comm

debentures (t h

ubject to a sta

he Debt Settle

gate of 5,036, 0

on” within the

Transactions (

MI 61-101 by

n a specified

f the exemptio

of the Shar e

tion. The Com

Interest is due

n Services Pro

r the adequacy

G OF DEBT

nc. (the “ Com

s received a p

mon shares (e

he “ Debt Se

atutory hold p

ement.

000 Shares p u

e meaning of

(“MI 61-101 ”

virtue of the

market and

on contained

es to be issu e

mpany closed

e pursuant to

ovider (as that

or accuracy of

SETTLEMEN

mpany”) toda

pproval fro m

each, a “Share

ttlement”), w

period expirin

ursuant to t h

f Multilateral

”). The issua n

exemption co

from the mi n

in section 5.7

ed to the rel a

d on the paym

o the terms of

term is defined

f this release.

NT

ay announces

m the TSX V e

e”) in settlem

which Shares

ng on the da t

he Debt Settl e

Instrument 6

nce to the in s

ontained in se

nority shareh

7(a) of MI 61-1

ated party w i

ment of the In

the Debentur

d in the policies

s that,

enture

ment of

were

te that

ement,

61-101

siders

ection

holder

101 in

ill not

nterest

res.

s of