Nortec Minerals announces Private Placement
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 615, 800 West Pender Street
Vancouver BC V6C 2V6, Canada
Phone: +1 604-717-6426
NORMIECU S.A.
S 864 Rafaelle Gianetti y las
Begonias
Quito Ecuador
Phone: +593 3554855
TAMMELA 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 / June 16, 2020 – NORTEC MINERALS CORP. (the “Company” or “Nortec”) (TSXV:
NVT): Nortec announces that it is arranging a non-brokered private placement of up to 30,000,000
units at a price of $0.01 per unit (the “Units”) for gross proceeds of up to $300,000 (the “Offering”)
pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX
Venture Exchange. Each Unit consisting of one common share and one half (1 / 2) common share
purchase warrant ( each whole warrant, a “Warrant”), with each Warrant entitling the holder to
purchase one additional common share at an exercise price $0.05 per common share for a period
of two years from the date of issue.
The Company in tends to use the proceeds of the Private Placement for paying arms-length
payables, including legal, auditing, accounting, filing fees and listing fees , and to repay the
outstanding principal amount of a $100,000 convertible debenture and interest owing in
respect thereof .
None of the funds raised will be allocated to the payables for the Tomboko Gold Property,
Guinea, West Africa. As disclosed in the Company’s press release dated April 24, 2020 t he
Company requires Alamako Mining International to first execute a new option agreement, and
thereby confirm the Company’s legal 51% earned interest in the Tomboko Property, before it could
be in a position to raise funds to reimburse Alamako for any standby expenditures incurred by it in
relation to the property. The Company will provide updates when available.
All shares issued will be subject to a 4 month hold period from the date of issuance in accordance
with applicable securities laws. Completion of this private placement is subject to the approval of
the TSX Venture Exchange. Finder's fees may be payable in connection with the placement.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia.
Nortec earned a 51% interest in the Tomboko Gold Project, Northeast Guinea, West Africa. Nortec
also has a 100% interest, subject to a 1% Net Smelt er Returns Royalty, in the Cottonwood
Vanadium-Uranium property located in Utah, USA, and a minority interest in the Tammela Gold &
Lithium Project in S outhwest Finland. Detailed information on these projects are posted on the
Company’s website www.nortecminerals.com.
NORTEC MINERALS CORP .
TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF
Suite 615, 800 West Pender Street
Vancouver BC V6C 2V6, Canada
Phone: +1 604-717-6426
NORMIECU S.A.
S 864 Rafaelle Gianetti y las
Begonias
Quito Ecuador
Phone: +593 3554855
TAMMELA 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, Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this news release.