Nortec Minerals announces the Closing of the Private Placement
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6C 1G8, Canada
Phone: +1 604-717-6426
Tammela Minerals Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
Nortec Minerals announces the Closing of the Private Placement
Vancouver, BC / TNW – Accesswire / February 8, 2018 – NORTEC MINERALS CORP . (the
“Company” or “Nortec”) (TSXV: NVT) – Further to Nortec’s press releases dated January 8, 2018
and February 5, 2018, the Company announces that it has closed the Private Placement of 8,877,545
units for gross proceeds of $976,529.50. Each Unit will consist of one common share of the Company
and one transferable common share purchase warrant (“Warrant”) to acquire one additional common
share for a period of two years at an exercise price of $0.24 per share.
The shares are distributed to purchasers in accordance with the rules and regulations of the Securities
Act and TSX Venture Exchange policies which includes a 4 (four) month hold period from the date of
issuance. A finder's fee of 7.5% in units will be paid on a portion of the Placement also in accordance
with TSX Venture policies.
The proceeds of the placement will be used to test the southeast extension of the Priority 1 – Tom 1
North Target by diamond core drilling (Figures 1 & 2) and for working capital. RAB (Rotary Air
Blast) drilling will also test the rest of the termite mou nd anomalies, geochemical soil and termite
mound anomalies as well as artisanal workings on the Tom 1, Tom 2 and Tom 3 targets (Figure 3).
Drilling commencing from drill holes TBDD0003, 0004, 0005 and 0006 from the northwest on the
priority 1 target shows the gold values increasing to the Southeast, with TBD0007 returning 19
metres at 2.64 g/t gold from 31 metres including 7 metres at 3.57 g/t and 1 metre at 17.1 g/t.
The Tomboko Permit totals more than 75 square kilometres and is located immediately west of, and
is surrounded by Anglo-Ashanti’s SAG multi -million ounce gold mine and related land holdings.
Extensive bedrock (rock geochemical sampling), soil, termite mound and pit sampling (over 10,000
samples) plus detailed geological mapping delineated three targets for immediate follow up drilling,
Tom-1, Tom-2 and Tom-3.
The gold mineralization on the Tom -1 and Tom-2 targets appears to be hosted in highly altered,
sheared, brecciated sandstone and volcanic rocks of the early Paleoproterozoic age Siguiri Basin.
The SAG Mine is also hosted in the same age rocks. The TOM 3 Pr ospect is hosted in quartz
porphyry intrusive rocks. The mode of occurrence of the gold mineralization is similar to the
Koulékoun deposit owned by Avocet Mining, located 120 kilometres to the sout h; a resource of
indicated 31.5m tonnes at 1.38g/t Au (1.4 million ounces) and inferred 22.8m tonnes of 1.22g/t Au
(892,200 ounces), (re: http://www.avocetmining.com/guinea).
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia.
Nortec is earning an 80% interest in The Golden Rule Limited ’s holdings in Tomboko Permit and
other holdings in Northeastern Guinea , West Africa. The Tom 1, Tom 2 and Tom 3 targets are
located in the Tomboko Permit.
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6C 1G8, Canada
Phone: +1 604-717-6426
Tammela Minerals Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
The Company also has a 49% interest in the Tammela Lithium and Gold Project in South -West
Finland. Sunstone Metals (formerly Avalon Minerals), a public Australian mining company has
earned the 51% interest and is carrying out 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
prospect and the Satulinmaki and Riukka gold prospects that comprise the Tammela Project.
Drilling on the Kietyonmaki returned values of 42.1m at 1.05% L i2O from 17.9m downhole,
including 24.2m at 1.44% Li2O from 17.9m and 9m at 2.00% Li2O from 29m downhole. Detailed
information on the Company ’s projects have been posted on the Company ’s website
www.nortecminerals.com.
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 mate rially 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.
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6C 1G8, Canada
Phone: +1 604-717-6426
Tammela Minerals Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
Figure 1 – Tom 1 North Target
Figure 2 – Tom 1 North Target
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 915, 700 West Pender Street
Vancouver BC V6C 1G8, Canada
Phone: +1 604-717-6426
Tammela Minerals Oy
c/o Kalliolaw Asianajotoimisto Oy
Eteläranta 12,
FI-00130 Helsinki, Finland
Phone: +358 9 6812 930
Figure 3: Tom 1, Tom2 and Tom 3 Targets - Termite mound geochemical anomalies