Nortec Minerals sells 2% NSR, Haukiaho Zone, LK Project, to Palladium One Mining
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 sells 2% NSR, Haukiaho Zone, LK Project, to Palladium One Mining
Vancouver, BC / The Newswire / January 13, 2020 – NORTEC MINERALS CORP . (the “Company” or
“Nortec”) (TSXV: NVT): – Nortec announces that it has entered into a binding Letter of Intent ("LOI") with
Palladium One Mining Inc. (“Palladium One”) a Canadian public mining company, to sell its 2% Net Smelter
Return Royalty (“NSR”) with respect to the Haukiaho Zone of the L antinen-Koillismaa PGE-Ni-Cu project in
Finland.
The terms of the royalty sale include a cash payment of C$50,000 and the issuance of 375,000 common
shares of Palladium One on closing. The transaction is expected to close this month, and is subject to
definitive documentation and customary terms, and the approval of regulatory authorities and TSX Venture
Exchange. The proceeds of the sale will be used for immediate payables and for on-going corporate
expenses.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, Br itish 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 Smelting Royalty, in the Cottonwood Vanadium -Uranium property
located in Utah, USA , and a minority interest in the Tammela Gold & Lithium Project in Southw est Finland.
Detailed information on these projects are posted on the Company’s website www.nortecminerals.com.
On behalf of the Board of Directors,
NORTEC MINERALS CORP .
“Carlos Fernando Jaramillo Muñoz ”
Carlos Fernando Jaramillo Muñoz, President and CEO
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.