Kola Announces Private Placement
KOLA MINING CORP.
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7 Phone: +1.604.685.9316 / Fax: +1.604.683.1585
NEWS RELEASE February 10, 2015
KOLA ANNOUNCES PRIVATE PLACEMENT
Vancouver, Canada – Kola Mining Corp. (“Kola” or the “Company”) (TSXV: KM) Mr. Nick DeMare, President and CEO of the Company, announces a non-brokered private placement of up to 9,000,000 units at $0.05 per unit to raise $450,000 gross proceeds. Each unit will consist of one common share and one-half of a warrant. Each whole warrant will entitle the holder to purchase one common share for five years from the closing date at $0.05 per share. Proceeds of the private placement will be used for general working capital.
The private placement is subject to the acceptance for filing by the Exchange. The participants in the financing include insiders of the Company.
On behalf of the Board, Company Information
“Nick DeMare” 1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7 Nick DeMare, President & CEO Company Contact: Nick DeMare +1 (604) 685 9316
Forward Looking Statements This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information available to the Company's management as of the date of this news release. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer or landholders relations, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
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