Nicola Mining Announces Closing of Flow Through Non-Brokered Private Placement
TSX.V: NIM
FSE: HLIA
OTCQB: HUSIF
NICOLA MINING ANNOUNCES CLOSING OF FLOW THROUGH NON-BROKERED
PRIVATE PLACEMENT
VANCOUVER, B.C., April 15, 2024 – Nicola Mining Inc. ( TSX.V: NIM) (FSE: HLIA) (OTCQB:
HUSIF), (the “Company” or “Nicola”) announces that, further to its news release dated April 2,
2024, it has completed its flow-through private placement offering (the “Offering”), pursuant to
which it sold an aggregate of 5,499,994 shares (each, a “ Share”) at a price of price of $0.23 per
Share for gross proceeds of $1,264,998.62.
The Shares are issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) and in
accordance with the policies of the TSX Venture Exchange. The Company paid an aggregate of
$88,549.90 to one finder in connection with the Offering.
The aggregate gross proceeds from the Offering are expected to be used for the further
exploration on the Company’s wholly owned Ne w Craigmont Project, which is located near
Merritt, B.C. and adjacent to Teck Resources' Highland Valley Copper 1, Canada’s largest copper
mine. The Company previously announced in its February 21, 2024 news release the plan to
conduct a 3D Induced Polarization survey th at would be followed by a diamond drilling
program.
All securities issued in connection with the Offering are subject to a statutory hold period expiring
August 13, 2024.
None of the securities sold in connection with the Offering will be regi stered under the United
States Securities Act of 1933, as amended, and no such securities may be offered or sold in the
United States absent registration or an applicable exemption from the registration requirements.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
About Nicola Mining
Nicola Mining Inc. is a junior mining comp any 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 Agreem ents 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
1 Highland Valley Copper (teck.com)
to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the
Treasure Mountain Property, which include 30 mi neral 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]
Forward-Looking Information
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.