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Enter Symbol
or Name
USA
CA



Nomad Ventures Inc
Symbol NMD
Shares Issued 32,867,579
Close 2014-10-22 C$ 0.035
Market Cap C$ 1,150,365
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Nomad Ventures boosts private placement to $275,000

2014-10-24 09:47 ET - News Release

Mr. Brent Forgeron reports

NOMAD VENTURES INC. ANNOUNCES INCREASE TO PROPOSED PRIVATE PLACEMENT FINANCING AND AGREEMENT TO ACQUIRE BARGE LOADING RAMP FOR ST. VINCENT BAY AGGREGATE PROPERTY

Nomad Ventures Inc. has increased its previously announced private placement offering (see news release dated Aug. 25, 2014) from five million units to 5.5 million units at a price of five cents per unit for gross proceeds of up to $275,000.

Each unit will continue to consist of one common share in the capital of Nomad and one share purchase warrant entitling the holder to acquire one additional common share of Nomad, exercisable for a period of five years following the closing date of the private placement. The exercise price of each of the share purchase warrants will be five cents during the five-year term of the warrants.

Nomad shall rely on the accredited investor exemption (British Columbia, Alberta and Ontario), and the friends and relatives exemption (British Columbia), in accordance with National Instrument 45-106.

Nomad will pay a finder's fee in connection with the private placement of 10 per cent cash, plus 10 per cent finders' warrants, where permitted by the TSX Venture Exchange. The exercise price of each of the finders' warrants will be 10 cents during the first 12 months of the term of the warrants, or at an exercise price of 15 cents during the last 12 months of the term of the warrants. The gross proceeds of the offering will be used in part for general working capital and exploration expenditures on the company's St. Vincent Bay aggregate property.

Asset purchase agreement to acquire barge loading ramp

Nomad is also pleased to announce that it has entered into an asset purchase agreement with Shane Ivancoe and 0929846 B.C. Ltd. to acquire a 75-foot barge loading ramp for use at the St. Vincent Bay property. Under the terms of the agreement, the vendors will sell the barge loading ramp to Nomad and in consideration of which Nomad will issue a total of four million shares to the vendors.

Brent Forgeron, president and chief executive officer, stated: "The acquisition of the barge loading ramp is a key component to the transportation and sale of aggregate products produced at the St. Vincent Bay property. The barge ramp is designed to be hinged from a shore bulkhead with a floating support pontoon that accounts for the full range of tide levels and provides essential heavy equipment access from shore to load aggregate products onto floating barges up to 10,000 tons in size."

The asset purchase agreement and the transactions contemplated therein are subject to TSX Venture Exchange approval.

We seek Safe Harbor.

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