Nortec Minerals announces Extension to the Private Placement
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 2000, 1066 West Hastings Street
Vancouver BC V6E 3X4, Canada
Phone: +1 604-717-6426
NORTEC MINERALS Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
Nortec Minerals announces Extension to the Private Placement
Vancouver, BC / The Newswire / February 19, 2019 – NORTEC MINERALS CORP . (the
“Company” or “Nortec”) (TSXV: NVT): Nortec announces receipt of a 30 day extension to
the January 3, 2019 non-brokered $750,000 Convertible Debenture Private Placement
(“Private Placement” or “Debentures”) . The extended final date for acceptance of the
Private Placement is March 20, 2019. The debentures mature on January 3, 2020 and bear
an interest rate of 12% per annum, payable at the end of the one year term. The
debenture holders may at any time convert, all, or any portion of the convertible loan
principal into common shares of the Company at an exercisable price of $0.05 (5 cents) per
common share.
The Shares when converted, will be distributed to purchasers i n accordance with the rules ,
regulations and policies of the Canadian Securities Act and TSX Venture Exchange. All
shares issued will accordingly be subject to a 4 (four) month hold period from the dat e of
issue. A finder's fee may be payable on portions of the Placement. Completion of this
Placement is subject to the approval of the TSX Venture Exchange.
Mohan R. Vulimiri, M.Sc., P . Geo, Director and CEO of Nortec Minerals, is a Qualified Person
as d efined by NI 43 -101. Mr. Vulimiri has approved the corporate and technical content
contained in this press release.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British
Columbia. Nortec earned a 51% interest of Tomboko Gold Project by incurring exploration
expenditures of US$ 1 million and completing Phases 1 and 2 of the Definitive Option
Agreement (Agreement) entered with The Golden Rule Mining Inc. in 2017. The Tomboko
Gold Project is loc ated in the historic mineral rich North-eastern area of the Republic of
Guinea, and is within the administrative region of Kankan and the Prefecture of Siguiri and
immediately west of the Siguiri Gold Mine operated by An gloGold-Ashanti. Nortec also
spent approximately US$ 1 million of the required US$ 2.5 million to earn the remaining
29%. This will convert to pro-rata interest as defined in the Agreement.
The Company has a 20% interest in the Tammela Gold & Lithium Project in South -West
Finland. Suns tone Metals (formerly Avalon Minerals), a public Australian mining company
has earned the 51% interest and the 29% Stage 2 earn -in interest on the Tammela Project.
Sunstone has completed more than 3,000 meters diamond drilling on the Kietyonmaki
lithium p rospect and the Satulinmaki and Riukka prospects that comprise the Tammela
Project. Detailed information on the Company’s projects have been posted on the
Company’s website www.nortecminerals.com.
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 2000, 1066 West Hastings Street
Vancouver BC V6E 3X4, Canada
Phone: +1 604-717-6426
NORTEC MINERALS Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
On behalf of the Board of Directors,
Nortec Minerals Corp.
“Mohan R. Vulimiri”
Mohan R. Vulimiri, CEO and Chairman
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or
accuracy of this news release.
This press release contains certain forward looking statements which involve known and unknown risks, delays
and uncertainties not under the Company’s control which may cause actual results, performances or
achievements of the Company to be materially different from the results, performances or expectations
implied by these forward looking statements. This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United States.