Business
Nicola Mining Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2018) - Nicola Mining Inc. (TSXV: ...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Mining Announces Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - November 21, 2018) - Nicola Mining Inc. (TSXV: NIM) (the \"Company\") is pleased to announce a non-brokered private placement consisting of the issuance of up to 9,000,000 units (each, a \"Unit\") at a price of $0.10 per Unit for gross proceeds of up to $900,000 (the \"Offering\"). Insiders are participating in the Offering.Each Unit will consist of one common share of the Company (each, a \"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"), with each Warrant entitling the holder to purchase one Share at a price of $0.15 per Share for a period of two years following the closing of the Offering (the \"Closing\").Finders' fees may be payable in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the \"Exchange\").All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. On behalf of the Board of Directors\"Peter Espig\"Peter EspigCEO & DirectorFor additional information contact: Peter EspigTelephone: (604) 647-0142 Email: [email protected] 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.Cautionar...