Stockwatch

Nicola Mining Inc
Symbol	NIM
Shares Issued	292,022,677
Close 2023-01-09	C$ 0.115
Market Cap	C$ 33,582,608
Recent Sedar Documents

Nicola Mining arranges $2-million private placement

2023-01-10 19:08 ET - News Release

J. McLellan Subject: Nicola Mining Inc. Word Document File: '\\swfile\EmailIn\20230110 155605 Attachment NICOLA Final News Release announcing share private placement with Ocean Partners (January 2023) (002).DOCX' TSXV: NIM NICOLA MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT WITH OCEAN PARTNERS HOLDINGS LIMITED VANCOUVER, BC, January 10, 2023 - Nicola Mining Inc. (TSX.V: NIM) (FSE: HLI) (OTCQG: HUSIF), (the "Company" or "Nicola") is pleased to announce a non-brokered private placement consisting of 16,000,000 shares (each, a "Share") at a price of $0.125 per Share for gross proceeds of $2,000,000 (the "Offering"). 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 TSX Venture Exchange (the "Exchange"). The aggregate gross proceeds from the sale of the Offering will be used for general working capital, which may include exploration, repayment of outstanding debentures and share repurchase. About Nicola Mining Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola's fully-permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, consisting of 30 mineral tenures covering 513 hectares (ha) and a mining lease covering 335 ha. 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. Cautionary Statement Regarding Forward-Looking Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, the expiry of hold periods for securities distributed pursuant to the Offering, and Exchange approval of the proposed Offering. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the Company may not complete the Offering on terms favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the conditions to the Closing; and those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.