Nortec Minerals Announces 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 Private Placement
Vancouver, BC / TNW – Accesswire / January 8, 2018 – NORTEC MINERALS CORP.
(the “Company” or “Nortec” ) (TSXV: NVT) – Nortec is arranging a non-brokered
private placement (“Placement”) of up to 10,000,000 units (“Units”) of the Company at a
price of $0.11 per Unit for gross proceeds of up to $1,100,000. Each Unit will consist of one
common share of the Company and one transferable c ommon share purchase warrant
(“Warrant”) exercisable to acquire one additional common share for a period of two years at
an exercise price of $0.24 per share.
The Units will be distributed to purchasers in accordance with the rules and regulations of
the Securities Act and TSX Venture Exchange policies. All Units issued will be subject to a
4 (four) month hold period from the date of issuance in accordance with applicable rules and
regulation of the Securities Act and TSX Venture Exchange policies. A finder's fee may be
payable in connection wi th the P lacement. Completion of this Plac ement is subject to the
approval of the TSX Venture Exchange.
The proceeds of the Placement will be used to test the Southeast extension of the Priority 1
– Tom 1 North Target, by drilling and for working capital. RAB and RC drilling will also
test the rest of the termite mound anomalies, geochemical soil and termite mound
anomalies, as well as artisanal workings on the Tom 1, Tom 2 and Tom 3 targets.
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 Tom 1, Tom 2 and Tom 3 targets are located in the Tomboko Permit, North eastern
Guinea, West Africa. Nortec is earning an 80% interest in The Golden Rule Limited’s
holdings in Tomboko Permit and other holdings in Northeastern Guinea.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based i n Vancouver, British
Columbia. The Company 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 th e 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 Kie tyonmaki returned values
of 42.1m at 1.05% Li 2O from 17.9m downhole, including 24.2m at 1.44% Li2O from
17.9m and 9m at 2.00% Li 2O from 29m downhole. 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, performance s 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.