Tuesday 31 May 2016

Nicola Mining Announces Closing of Strategic Private Placement of $164,000

Nicola Mining Announces Closing of Strategic Private Placement of $164,000

May 31, 2016 | News Releases 

TSX.V: NIM
NEWS RELEASE

VANCOUVER, B.C, MAY 31, 2016 – Nicola Mining Inc. (the “Company”) announces that it has successfully closed a private placement of $164,000 with strategic investors that were unable to participate in the recent Fourth Tranche Unit Financing, which the Company announced in its news release of May 2, 2016.
The Company sold an aggregate of 2,050,000 Units for gross proceeds of $164,000. The Company did not pay any finder’s fees in connection with the private placement.
Proceeds of the financing will be used for general working capital.
The securities issued under the financing, and the Shares that may be issuable on exercise of the Warrants and the broker warrants, are subject to a statutory hold period expiring on September 28, 2016.
On behalf of the Board of Directors
“Peter Espig”                                         
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Contact: (604) 647-0142
peter@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.


Friday 27 May 2016

What is an Accredited Investor?

Flow-through shares are frequently issued in a private placement. A private placement is an offering of securities that is not accompanied by the filing of a prospectus.

Because a prospectus provides certain mandated disclosures and legal protections, securities laws provide that securities issued in a private placement may not be issued to the investing public generally, but only to purchasers who meet certain specified exemptions. The principal exemption is qualification of the purchaser as an accredited investor.

Who qualifies as an accredited investor?


  • While there are a number of additional categories, the categories listed below are most relevant to participants in our structured flow-through share initiatives. If you meet one of the following categories, you will qualify as an accredited investor:
  • An individual who, either alone or together with a spouse, owns financial assets (including cash, securities and insurance contracts, but excluding a home or other real or personal property) worth more than $1 million before taxes but net of related liabilities;
  • An individual, who alone or together with a spouse, has net assets (for purposes of this category, all assets including financial assets as above and a home and any other real or personal property are included) of at least $5,000,000;
  • An individual whose net income before taxes exceeded $200,000 in both of the last two years and who expects to maintain at least the same level of income this year;
  • An individual whose net income before taxes, combined with that of a spouse, exceeded $300,000 in both of the last two years and who expects to maintain at least the same level of income this year;
  • A company with net assets of at least $5,000,000.


Wednesday 25 May 2016

Nicola Mining Announces Strategic Private Placement of $164,000


May 25, 2016 | News Releases

TSX.V: NIM
NEWS RELEASE

VANCOUVER, B.C., MAY 25, 2016 – Nicola Mining Inc. (the “Company”) announces that it plans to raise up to $164,000 with strategic investors that were unable to participate in the recent Fourth Tranche Unit Financing, which the Company announced in its news release of May 2, 2016. The current financing will be on the same terms as the Fourth Tranche. The Company intends to sell up to 2,050,000 Units for gross proceeds of up to $164,000.
Each Unit will consist of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a“Warrant”). Each Warrant will be exercisable into one Share at a price of $0.15 per Share for a period of two years from the date of issuance.
Proceeds from the current financing will be used for general working capital.
All securities issued pursuant to the current financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing.
On behalf of the Board of Directors
“Peter Espig” 
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (604) 647-0142
Email: peter@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. 
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Thursday 19 May 2016

Paul Johnston (Ph.D. Geological Sciences) Joins Board of Nicola Mining Inc.


May 19, 2016 | News Releases
TSX.V: NIM
NEWS RELEASE
VANCOUVER, B.C., May 19, 2016 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that Dr. Paul Johnston (Ph.D. Geological Sciences) has joined the Board of Directors of Nicola. Dr. Johnston’s extensive experience in recognizing and enhancing value-adding exploration projects will be particularly useful as the Company looks deeper into its Thule Copper Project, as well as potential acquisitions to augment its modern processing mill located 10 km outside of Merritt, BC.
Dr. Johnston is known for improving the performance of exploration teams and devising successful exploration projects. He was most recently Principal Geologist with Teck Resources Limited, and has valuable in-depth knowledge of copper, silver, and gold mineralization. The Company’s Thule Copper Project is located near Teck Resources Limited’s Highland Valley Copper’s operations, a region in which Paul has expertise.  In addition, Paul will work with Nicola’s Project Geologist, Brian May, to review potential sources of mill feed and acquisitions. The Company feels that, given the significant CAPEX requirement and administrative complexities associated with receiving a mill site permit, there could be project consolidation opportunities in the future.
Peter Espig, Chief Executive Officer, commented, “Paul brings an immense amount of expertise and credibility to our team and project(s).  We look forward to working together closely as the Company moves forward.”
The Company also announces that it has granted 1,700,000 options at of $0.11 to directors and officers under its Stock Option Plan.
Thule Copper Project
The Thule copper property is 100% owned by Nicola and consists of 21 mineral claims and 10 mineral leases covering approximately 10,084 hectares. Carbonate rich Nicola Group volcano-sedimentary units and intrusive rocks found along the southern flanks of the Guichon Batholith underlie the majority of the property which is located approximately 30 km south of the Highland Valley Copper operation. There are two dominant styles of mineralization on the property: copper iron skarn and copper porphyry. The most important discovery to date on the property has been the past producing Craigmont copper-iron mine, located in the central part of the claims. Craigmont operated from 1961 to 1982, as an open pit-mine and as an underground sub-level block cave mine. Over its operating life, the mine produced 34,000,000 metric tonnes of ore, averaging 1.28% copper, from Body No.1 and Body No.2. Craigmont shut the mine down in 1982 due to a policy decision by the board at a time when the copper price was approximately $0.60 per pound.
For further details on the Thule copper property, see the technical report entitled “TECHNICAL REPORT on the THULE COPPER – IRON PROPERTY, Southern British Columbia, Canada”, filed on May 8, 2013 on Sedar at http://www.sedar.com.
Qualified Person
The foregoing geological disclosure has been reviewed and verified by Brian May, P.Geo., a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Nicola Mining Inc.
Nicola Mining Inc. is junior mining company listed on the TSX Venture 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 properties. The fully-permitted mill is able to process both gold and silver mill feed via gravity and floatation processes.  The Company also owns 100% of the Treasure Mountain, its high grade silver property and a gravel pit, which 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
Contact: (604) 647-0142
peter@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.
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Wednesday 4 May 2016

Nicola Mining (TSX.V:NIM) CEO: We Have What B.C. Gold Miners Need


Nicola Mining (TSX.V:NIM) CEO: We Have What B.C. Gold MinersNeed


With near-term cash flow expected, Nicola Mining Inc. (TSX.V:NIM) has what other British Columbia based gold mining companies badly need – a fully-permitted mill to process ore. Company CEO Peter Espig tells SmallCapPower that further upside can be found in its promising copper project, in addition to a high-grade silver property. 

Discover more by watching the interview.



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