Nicola Mining Inc.: Announces Non-Brokered Private Placement
![Nicola Mining Inc.: Announces Non-Brokered Private Placement](https://www.minenportal.de/media/goldseiten-news.jpg)
Finders' fees may be payable in connection with the Financing in accordance with the policies of the TSX Venture Exchange (the "Exchange").
Proceeds of the Financing are planned to be used to repay senior secured debt of approximately $1,350,000 and the balance for working capital purposes.
All securities issued in connection with the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. Completion of the Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange. Red Cloud Klondike Strike Inc. is acting as a finder in connection with the Offering.
Nicola Mining Inc. is a junior mining company listed on the Exchange and is in the process of recommencing mill feed processing operations at its 100% owned state-of-the-art mill and tailings facility, located near Merritt, British Columbia. It has already signed four mill profit share agreements with high grade gold producers. The fully-permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Company also owns 100% of Treasure Mountain, its high-grade silver property, and an active gravel pit that is located adjacent to its milling operations.
On behalf of the Board of Directors
"Peter Espig"
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
Neither 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.
Not for distribution to U.S. Newswire Services or for dissemination in the United States.