Company sells 18,337,665 units of one common share and one warrant
By Devika Patel
Knoxville, Tenn., Aug. 23 – Nicola Mining Inc. announced that it plans a C$2.2 million non-brokered private placement of units.
The company will sell 18,337,665 units of one common share and one warrant at C$0.12 per unit.
Each warrant will be exercisable at C$0.18 for three years. The strike price is a 10% discount to the Aug. 22 closing share price of C$0.20.
Proceeds will be used for working capital purposes.
The junior exploration company is based in Vancouver, B.C.
| Issuer: | Nicola Mining Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$2,200,520
|
| Units: | 18,337,665
|
| Price: | C$0.12
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.18
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 23
|
| Stock symbol: | TSX Venture: NIM
|
| Stock price: | C$0.20 at close Aug. 22
|
| Market capitalization: | C$23.43 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
