(via Thenewswire.ca)
VANCOUVER, BC / TheNewswire / 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
(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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