Mr. Peter Espig reports
NICOLA MINING CLOSES STRATEGIC PRIVATE PLACEMENT OF $164,000
Nicola Mining Inc. has closed a tranche of $164,000 with strategic investors who were unable to participate in the recent fourth tranche unit financing, which the company announced in its May 2, 2016, news release.
The company sold 2.05 million units, for gross proceeds of $164,000. The company will pay $7,000 in finders' fees and issue 87,500 broker warrants at a price of 15 cents per share for a period of two years from the date of issuance.
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