Nicola Mining Announces Closing of Strategic Private Placement of $164,000

About this update from Nicola Mining Inc.

[{"type":"text","content":"Nicola Mining Announces Closing of Strategic Private Placement of $164,000(via Thenewswire.ca)\n \n \nVANCOUVER, B.C / TheNewswire / June 1, 2016 - Nicola Mining Inc. (the \"Company\") announces that it has successfully closed a private placement of $164,000 with strategic investors that were unable to participate in the recent Fourth Tranche Unit Financing, which the Company announced in its news release of May 2, 2016. \n\n\n \nThe Company sold an aggregate of 2,050,000 Units for gross proceeds of $164,000. The Company did not pay any finder's fees in connection with the private placement.\n\n\n \nProceeds of the financing will be used for general working capital.\n\n\n \nThe securities issued under the financing, and the Shares that may be issuable on exercise of the Warrants and the broker warrants, are subject to a statutory hold period expiring on September 28, 2016.\n\n\n \nOn behalf of the Board of Directors\n\n\n \n\"Peter Espig\" \n\n\n \nPeter Espig\n\n\n \nCEO & Director\n\n\n \nFor additional information\n\n\n \nContact: Peter Espig\n(604) 647-0142 [email protected]\n\n\n \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. \n\n\n Copyright (c) 2016 TheNewswire - All rights reserved.","length":2963,"tagName":"div"}]

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