Nicola Mining Announces Closing of Secured Convertible Debenture Offering
TSX.V: N
NICOLA
VANCO
that, fur t
placemen
debentur
The a ggr
debentur
The Debe
th
$2
th
an
of
th
th
sh
th
D
th
ag
All secu r
expiring
An insid
“related
Minority
to the ins
contained
from the
contained
market c
NIM
A MINING
OUVER, BC,
ther to its N
nt (the “Offe
res (the “Deb
regate gross
res of $250,0
entures inclu
he a ggregate
250,000;
he Debentur
nnually, in c
f the Compa
he Debentur
he principal
hall be paya
he principal
Date, at the o
he repaymen
gainst the as
rities issue d
four months
er of the C o
party transa
y Security Ho
sider is exem
d in sectio n
minority sh
d in Section
apitalization
ANNOUNC
May 20, 202
News Relea
ering”) of an
bentures”) o
s proceeds
00.
ude the follo
e principal
res bear inter
cash or in c o
any;
res mature th
amount of
ble on the M
amount of
option of the
nt of the o u
ssets of the C
d in connec t
s and one da
ompany acqu
action” with
olders in Spe
mpt from the
n 5.5(b) as t h
hareholder a
5.7(1)(a) of
n.
CES CLOSI
OF
20 – Nicola M
se of Ma y 4
n aggregate
of the Comp
from the s a
owing key te
amount of
rest at a rat e
ommon shar
hree years a
the Debentu
Maturity Date
the Debentu
holder, at a
utstanding p
Company.
tion with t h
ay after closi
uired a Debe
hin the mea n
ecial Transa
e valuation r
he Compan y
approval req
MI 61-101 a
NG OF SEC
FFERING
Mining Inc. (
4, 2020, it h
principal am
pany.
ale of the O
erms:
the Debent u
e of 10% pe r
res (each, a
after the date
ures, togethe
e;
ures is conv
conversion
rincipal an d
he Offerin g
ing of the Of
enture in the
ning of Mul t
actions (“MI
requirement
y’s shares ar
quirements o
as the amoun
CURED CON
(the “Compa
has comple t
mount of $25
Offering wil
ures issued
r annum, wh
“Share”) of
e of issuance
er with an y
ertible into
price of $0.1
d interest of
are sub ject
ffering.
e amount of
tilateral Inst
61-101”). Th
t of MI 61-10
re not liste d
of MI 61-10 1
nt did not e x
NVERTIBL
any”) is plea
ted its non- b
50,000 of sec
l be used t
pursuant t o
hich interest
f the Comp a
e (the “Matu
accrued and
Shares prior
10 per Share
f the Deben t
t to a statu t
f $20,000 wh
trument 61-1
he issuance
01 by virtue
d on a spec i
1 on the ba s
xceed 25% o
E DEBENTU
ased to anno
brokered p r
cured conve
to repa y ex i
o the Offer i
t shall be pa y
any, at the o
urity Date”)
d unpaid in t
r to the Ma t
e; and
tures are se c
tory hold p
hich constitu
101 Protecti
of the Deben
of the exem
ified marke t
sis the exem
of the Comp
URE
ounce
rivate
rtible
isting
ing is
yable
ption
), and
terest
turity
cured
eriod
uted a
on of
nture
mption
t and
ption
any’s
The Company closed on the Offering in less than 21 days to pay outstanding convertible
debentures.
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.