Nicola Mining Announces Debt Settlement
TSX.V: N
VANCOU
intends to
on Nove m
Debenture
which Int
cash or by
The Comp
outstandi
According
Interest ow
Insiders o
which wil
Protection
insiders is
section 5 .
sharehold
MI 61-101
will not e
the Intere
Debenture
The Deb t
statutory
Settlemen
On behalf
“Peter Es
Peter Esp
CEO & D
NIM
UVER, B.C., N
o pay all of t h
mber 21, 20 1
es mature o n
terest is pa yab
y the issuance
pany intends
ng interest pa
gly, the Comp
wing of $700,
of the Compan
ll constitute a
of Minority S
s exempt fro m
.5(b) as the C
der approval r
1 in that the f a
xceed 25% of
est in Shares i
es.
t Settlement i
hold period e
nt.
f of the Board
pig”
pig
Director
NICOLA M
November 13
he interest ow
19 b y the iss
n November
ble under th e
e of Shares.
s on pa ying a
ayment obliga
pany intends
,088.20 (the “D
ny will be iss
a “related pa r
Security Holde
m the valuat i
Company’s s
requirements
air market va
f the Compan
in less than 2
is sub ject to
expiring on t
d of Directors
MINING ANN
3, 2020 – Nic o
wing on the s e
uance of co m
21, 2022 an d
e terms of th e
all of the Int e
ation for the f
to issue 5,600
Debt Settlem
sued an aggre
rty transactio
ers in Special T
ion requireme
shares are n o
s of MI 61-101
alue of the con
ny’s market ca
21 days as th e
TSX Ventur e
the date that
NOUNCES D
ola Mining In
ecured conve
mmon share s
d bear intere s
e Debentures
erest in Shar e
first year of th
0,705 Shares a
ment”).
egate of 5,036,
on” within the
Transactions (“
ent of MI 61- 1
ot listed on
1 by virtue of
nsideration o
apitalization.
e payment of
e Exchan ge a
is four mont h
DEBT SETTLE
nc. (the “Com
ertible debentu
s (each, a “ S
st (“ Interest”
s annually, at
es to holders
he term of the
at a price of $
,000 Shares p
e meaning of
“MI 61-101 ”)
101 by virtue
a specified m
f the exemptio
of the Shares t
The Compan
Interest is d u
approval. T
hs and one d
EMENT
mpany”) today
ures (the “De
Share”) of t h
”) at a rate o f
the option o
of the Debe n
e Debentures.
$0.125 per Sha
pursuant to th
f Multilateral
). The inten d
e of the exe m
market and f
on contained
to be issued t
ny will close
ue pursuant t
The Shares w
day after the c
y announces t
ebentures”) i
he Compan y.
f 10% per a n
of the Compa
ntures to set t
.
are in settlem
he Debt Settle
Instrument 6
ded issuance t
mption contain
from the mi n
in section 5.7
to the related
on the paym
to the terms
will be sub ject
closing of th e
that it
issued
The
nnum,
ny, in
tle the
ment of
ement,
61-101
to the
ned in
nority
7(a) of
party
ment of
of the
t to a
e Debt
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.
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the Debt Settlement and the securities issuable
thereunder are forward-looking statements and are prospective in nature. Forward-looking statements
are not based on historical facts, but rather on current expectations and projections about future events,
and are therefore subject to risks and uncertainties which could cause actual results to differ materially
from the future results expressed or implied by the forward-looking statem ents. These statements
generally can be identified by the use of forward-looking words such as “may”, “should”, “will”,
“could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative
thereof or similar variations. Forward-looking stat ements in this news re lease include statements
regarding the settlement of the Interest, resale restrict ions relating to the secu rities to be issued and
receipt of the approval of the TSX Venture Exchange. Such statements are qualified in their entirety by
the inherent risks and uncertainties surrounding the Company’s ability to complete the Debt Settlement,
including the risk that the Debt Settlement may not be completed as expected or at all, that the TSX
Venture Exchange may not approve the Debt Settlement and such other factors beyond the control of the
Company. Such forward looking statements should therefore be construed in light of such factors, and
the Company is not under any obligation, and expressl y disclaims any intention or obligation, to update
or revise any forward looking statements, whether as a result of new information, future events or
otherwise. 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.