Nicola Mining Announces Non-Brokered Private Placement
TSX.V: NIM
FSE: HLIA
OTCQB: HUSIF
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
NICOLA MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC, February 25, 2025 – Nicola Mining Inc. (TSX.V: NIM) (FSE: HLIA) (OTCQB:
HUSIF), (the ”Company” or “Nicola”) is pleased to announce a non-brokered private placement
consisting of up to 7,142,857 units (each, a “ Unit”) at a price of $0.28 per Unit for gross proceeds
of up to $2,000,000 (the “Offering”). Each Unit will consist of one common share of the Company
(each, a “Share”) and one-half of one transferable sh are purchase warrant (each whole warrant,
a “Warrant”), with each Warrant entitling the holder thereof to purchase one additional Share
(each, a “Warrant Share”) of the Company at a price of $0.40 per Warrant Share for a period of
three years from the closing of the Offering. If during the exer cise period of the Warrants, but
after the resale restrictions on the Shares have expired, the Shares trade on the TSX Venture
Exchange (the ”Exchange”) (or such other exchange on which the Shares may be traded at such
time) at a closing price of $0.60 or greater per Sh are for a period of ten (10) consecutive trading
days, the Company may accelerate the expiry of the Warrants by giving notice to the holders
thereof (by disseminating a press re lease advising of the accelerati on of the expiry date of the
Warrants) and, in such case, the Warrants will expire on the thirtieth (30th) day after the date of
such notice.
The aggregate gross proceeds from the Offering ar e expected to be used for general working
capital.
Finder’s fees may be payable in connection with the Offering in accordance with the rules of the
Exchange. Insiders may also participate in the Offering.
All securities issued in connection with the Offe ring will be subject to a statutory hold period
expiring four months and one day after closing of the Offering. Completion of the Offering is
subject to the approval of the Exchange. Any participation by insiders in the Offering will
constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority
Security Holders in Special Transactions (“MI 61-101”) but is expected to be exempt from the formal
valuation and minority shareholder approval requirements of MI 61-101.
None of the securities sold in connection with the Offering will be regist ered under the United
States Securities Act of 1933 , as amended, and no such securitie s may be offered or sold in the
United States absent registration or an applicab le 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
to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the
Treasure Mountain Property, which includes 30 mineral 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]
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 Statements
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that
are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause
actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such
forward-looking statements. Forward-l ooking statements in this news relea se include, but are not limited to,
statements with respect to the expectations of manageme nt regarding the proposed Offering, the expectations of
management regarding the use of proceeds of the Offering, closing conditions for the Offering and Exchange approval
of the proposed Offering. Although the Company believes that the expectations reflect ed in the forward-looking
information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-
looking statements are subject to risks and uncertainties that may cause actual results, performance or developments
to differ materially from those contained in the statements including that: the Company may not complete the Offering
on terms favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering
may not be used as stated in this news release; the Compan y may be unable to satisfy all of the conditions to the
Closing; and those additional risks set out in the Company’s public documents filed on SEDAR+ at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in prep aring the forward-looking statements
are reasonable, 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 Company disclaims any intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events, or otherwise.