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Nortec Minerals announces Closing of the Second Tranche of the Private Placement
(via TheNewswire) Vancouver, BC / TheNewswire / December 15, 2017 - NORTEC MINERALS ...
About this update from Nortec Minerals Corp
[{"type":"text","content":"Nortec Minerals announces Closing of the Second Tranche of the Private Placement(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / December 15, 2017 - NORTEC MINERALS CORP. (the \"Company\" or \"Nortec\") (TSXV: NVT) - Further to Nortec's press releases dated October 5, and November 13, 2017 announcing both the closing of the first tranche of 5,735,000 shares for gross proceeds of $430,125 and the extension of the second tranche, the Company announces the closing of the second tranche of the Private Placement. The Company will issue 2,033,000 common shares for proceeds of $152,475.\n\n \n \nNortec announced the Private Placement of 7,500,000 common shares at a price of $0.075 per share on September 2, 2017.\n\n \n \nThe Shares will be distributed to purchasers in accordance with the rules and regulations of the Securities Act and TSX Venture Exchange policies which includes 4 (four) month hold period from the date of issuance. A finder's fee is payable on portions of the Placement also in accordance with TSX Venture policies. \n\n \n \nThe proceeds of the Placement will be used to continue the exploration and drilling of the Tomboko Gold Project located in gold-rich Siguiri Basin, Northeastern Guinea, West Africa. Four core drill holes were completed to date on Tom 1 North Target. Nortec is amending and updating the NI-43-101 Technical Report on review and comments by TSX Venture Exchange. The Report was filed on SEDAR on November 8, 2017.\n\n \n \nAbout Nortec Minerals Corp.\n\n \n \nNortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 49% interest in the Tammela Gold & Lithium Project in South-West Finland. Sunstone Metals (formerly Avalon Minerals), a public Australian mining company has earned the 51% interest and is carrying out the 29% Stage 2 earn-in interest on the Tammela Project. Sunstone has completed more than 3,000 meters diamond drilling on the Kietyonmaki lithium prospect and the Satulinmaki and Riukka prospects that comprise the Tammela Project. Detailed information on the Company's projects have been posted on the Company's website www.nortecminerals.com. \n\n \n\nOn behalf of the Board of Directors,\n\n \n\nNORTEC MINERALS CORP.\n\n \n\n\"Mohan R. Vulimiri\"\n\n\n\nMohan R. Vulimiri, CEO and Chairman\n\n \n\n \nThe TSX Venture Exchange has not re...