Nicola Mining Announces Further Increase IN Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
TSX.V: NIM
NICOLA MINING ANNOUNCES FURTHER INCREASE IN PRIVATE PLACEMENT
VANCOUVER, B.C., August 31, 2020 – Nicola Mining In c. ( TSX.V: NIM ) (FSE: HLI ), (the
“Company” or “Nicola”) announces that further to it s news release dated August 24, 2020, it is
increasing the size of its private placement financ ing (the “ Offering ”). The Company previously
disclosed in its August 24, 2020 news release that it would issue up to up to 5,000,000 (each, a
“Unit ”) at a price of $0.13 per Unit for gross proceeds of up to $650,000. The Company today
announces that it has further increased the number of Units to be issued, such that it will issue
up to 5,769,230 Units for gross proceeds of up to $ 750,000. The terms of the Units remain as
announced on August 24, 2020.
No finders’ fees will be payable in connection with the Offering.
All securities issued in connection with the Offeri ng will be subject to a statutory hold period
expiring four months and one day after closing of t he Offering. Completion of the Offering is
subject to the approval of the TSX Venture Exchange.
The aggregate gross proceeds from the sale of the O ffering will be used for general working
capital.
None of the securities sold in connection with the Offering will be registered 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 company liste d on the TSX Venture and Frankfurt
Exchanges that maintains a 100% owned mill and tail ings facility, located near Merritt, British
Columbia. It has already signed four mill profit sh are agreements with high grade gold
producers. The fully-permitted mill can process bot h gold and silver mill feed via gravity and
flotation processes. The Company also owns 100% of the New Craigmont Project, a high-grade
copper property, and an active gravel pit that is located adjacent to its milling operations.
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]
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.
Cautionary Statement Regarding Forward-Looking Stat ements
This news release includes certain “forward-looking statements” under applicable Canadian securities
legislation that are not historical facts. Forward- looking statements involve risks, uncertainties, an d other
factors that could cause actual results, performanc e, prospects, and opportunities to differ materiall y from
those expressed or implied by such forward-looking statements. Forward-looking statements in this news
release include, but are not limited to, statements with respect to the expectations of management
regarding the proposed Offering, the expectations o f management regarding the use of proceeds of the
Offering, closing conditions for the Offering, the expiry of hold periods for securities distributed p ursuant
to the Offering, and Exchange approval of the propo sed Offering. Although the Company believes that th e
expectations reflected in the forward-looking infor mation are reasonable, there can be no assurance th at
such expectations will prove to be correct. Such fo rward-looking statements are subject to risks and
uncertainties that may cause actual results, perfor mance or developments to differ materially from tho se
contained in the statements including that: the Com pany may not complete the Offering on terms
favorable to the Company or at all; the Exchange ma y not approve the Offering; the proceeds of the
Offering may not be used as stated in this news rel ease; the Company may be unable to satisfy all of t he
conditions to the Closing; and those additional ris ks set out in the Company’s public documents filed on
SEDAR at www.sedar.com. Although the Company believ es that the assumptions and factors used in
preparing the forward-looking statements are reason able, undue reliance should not be placed on these
statements, which only apply as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. Except where required by law, the Compa ny
disclaims any intention or obligation to update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise.