Nicola Mining Announces Closing of Private Placement
TSX X.V: NIM
NICOLA M MINING AN NNOUNCES CLOSING G OF PRIVA ATE PLACE EMENT
VAN NCOUVER, BC, Septem mber 2, 2020 – Nicola M Mining Inc. ( (TSX.V: NIM M) (FSE: HLI), (the “C Company” or “Nic cola”) annou unces that, further to i its news rel lease dated August 24, , 2020 and August 31, 2020, it has comp pleted its p private place ement finan ncing (the “O Offering”), whereby th he Company y issued 5,7 769,230 units (each h, a “Unit”) at a price of f $0.13 per U Unit for aggre egate procee eds of $749,9 999.90.
nd one-half of one share Each h Unit is com mprised of one commo on share of t the Compan ny (each, a “ “Share”) an e purc chase warran nt (each who ole warrant, a “Warrant t”). One War rrant entitles s the holder r thereof to p purchase one e addi itional Share e of the Com mpany at a price of $0.2 20 per Share e for a perio od of two years from cl losing of the e Offering.
No f finders’ fees were paid in n connection n with the O Offering.
All s securities iss sued in conn nection with h the Offerin ng are subjec ct to a statut tory hold pe eriod expirin ng January 3 3, 2021
1. The aggre egate gross p proceeds from m the sale of f the Offerin ng will be us sed for gener ral working capital.
Non ne of the secu urities sold in n connection n with the O Offering will be registere ed under the e United Stat tes Securities Act o of 1933, as a amended, an nd no such securities ma ay be offered d or sold in t the United S States absent t registration n or an n applicable e exemption from the registration re equirements
s. This news release shall not consti itute an offer to se ell or the sol licitation of an offer to buy nor sha all there be any sale of the securiti ies in any ju urisdiction in n whic ch such offer r, solicitation n or sale wou uld be unlaw wful.
Abo out Nicola M Mining
Nico ola Mining Inc. is a jun nior mining g company l listed on th he TSX Vent ture and Fr rankfurt Exc changes tha at main ntains a 100% % owned mi ill and tailin ngs facility, lo ocated near Merritt, Brit tish Columb bia. It has alr ready signed d four mill profit share agreem ments with high grade gold produ ucers. The fu ully-permitte ed mill can p process both h gold d and silver mill feed v via gravity and flotatio on processes
s. The Com mpany also o owns 100% of the New w Craigmont Proje ect, a high-gr rade copper r property, a and an active e gravel pit t that is locate ed adjacent t to its milling g oper rations.
On b behalf of the Board of Di irectors
er Espig”
“Pete
r Espig Peter CEO O & Director
For a additional in nformation
Cont tact: Peter Es spig Phon ne: (778) 385 5-1213 om Ema ail: info@nico olamining.co
Neit ther the TSX X Venture Exchange n nor its Regu ulation Serv vices Provid der (as that term is def fined in the e polic cies of the T TSX Venture e Exchange) accepts resp ponsibility f for the adeq quacy or accu uracy of this s release.