Nicola Mining Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
TSX.V: NIM
NICOLA MINING ANNOUNCES PRIVATE PLACEMENT
VANCOUVER, BC , April 23, 2020 – Nicola Mining Inc. (the “ Company ”) is pleased to
announce a non-brokered private placement consistin g of the issuance of up to 13,333,334
shares (each, a “ Share ”) at a price of $0.15 per Share for gross proceeds of up to $2,000,000 (the
“ Offering ”). There are no finder’s fees associated 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 are expected to be used for
repayment of convertible debentures, general working capital, and a normal course issuer bid.
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 s uch 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.
On behalf of the Board of Directors
“ Peter Espig ”
Peter Espig
CEO & Director
For additional information contact:
Peter Espig
Telephone: 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 fo r 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 l egislation
that are not historical facts. Forward-looking stat ements involve risks, uncertainties, and other fact ors that could
cause actual results, performance, prospects, and o pportunities to differ materially from those expres sed or implied
by such forward-looking statements. Forward-looking statements in this news release include, but are n ot limited to,
statements with respect to the expectations of mana gement regarding the proposed Offering, the expecta tions of
management regarding the use of proceeds of the Off ering, closing conditions for the Offering, the exp iry of hold
periods for securities distributed pursuant to the Offering, and Exchange approval of the proposed Off ering.
Although the Company believes that the expectations reflected in the forward-looking information are r easonable,
there can be no assurance that such expectations wi ll prove to be correct. Such forward-looking statem ents are
subject to risks and uncertainties that may cause a ctual results, performance or developments to diffe r materially
from those contained in the statements including th at: the Company may not complete the Offering on te rms
favorable to the Company or at all; the Exchange ma y not approve the Offering; the proceeds of the Off ering may not
be used as stated in this news release; the funds r aised from the sale of the Units may not be renounc ed in favour of
the Shareholders; the Company may be unable to sati sfy all of the conditions to the Closing; and those additional
risks set out in the Company’s public documents fil ed on SEDAR at www.sedar.com. Although the Company
believes that the assumptions and factors used in p reparing the forward-looking statements are reasona ble, undue
reliance should not be placed on these statements, which only apply as of the date of this news releas e, and no
assurance can be given that such events will occur in the disclosed time frames or at all. Except wher e required by
law, the Company disclaims any intention or obligat ion to update or revise any forward-looking stateme nt, whether
as a result of new information, future events, or otherwise.