News Noka Resources arranges $500,000 private placement
2015-02-02 09:04 ET - News Release
Mr. Nav Dhaliwal reports
NOKA RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
Noka Resources Inc. has arranged a non-brokered private placement of up to 10 million units at a price of five cents per unit to raise gross proceeds of up to $500,000. Each unit will consist of one common share of the company and one-half of one non-transferable share purchase warrant. Each whole warrant shall be exercisable to acquire one additional common share of the company for a period of one year at a price of 10 cents per warrant share.
The company intends to use the proceeds from the private placement to conduct further exploration on its Athabasca basin uranium properties and for general working capital.
The private placement is subject to acceptance by the TSX Venture Exchange. All the securities issued under the private placement are subject to resale restrictions under applicable securities legislation.
In addition, the company announces that, further to its joint venture on its Carpenter Lake uranium property, the JV management committee has determined that one claim consisting of approximately 3,765 hectares does not warrant further exploration and has returned it to the company. For more information on the joint venture, please visit the company's website.
We seek Safe Harbor.