Business
Nicola Mining Announces Strategic Investment from Ocean Partners
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2025) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola Mining") is pleased to announce ...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 29, 2025) - Nicola Mining Inc. (TSXV: NIM) (the "Company" or "Nicola Mining") is pleased to announce an additional investment from Ocean Partners UK Limited[1] ("Ocean Partners"), which has agreed to participate in a strategic non-brokered private investment of $1,000,000 to strengthen the Company's balance sheet as it prepares to uplist onto NASDAQ in Q1 of 2026.","length":456,"tagName":"p"},{"type":"text","content":"The Company will issue 1,111,112 units (each a "Unit") at a price of $0.90 per Unit for gross proceeds of up to $1,000,000 (the "Offering").","length":160,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (each, a "Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $1.10 per Share for a period of three years following the closing of the Offering (the "Closing"). The expiry of the Warrants may be accelerated if the closing price of the Company's common shares on the TSX Venture Exchange (the "Exchange") is $1.70 or greater for a minimum of ten consecutive trading days, provided that a notice of acceleration is issued in accordance with the terms of the Warrants.","length":679,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Offering will be subject to a statutory holding 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.","length":567,"tagName":"p"},{"type":"text","content":"The aggregate gross proceeds from the sale of the Offering will be used for general working capital.","length":100,"tagName":"p"},{"type":"text","content":"None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, a...