NICOLA MINING INC. ("NIM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: May 16, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 26, 2015:
Number of Shares: 34,375,005 shares
Purchase Price: $0.08 per share
Warrants: 34,375,005 share purchase warrants to purchase 34,375,005 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 23 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Peter Espig Y 2,796,625
Concept Capital Management Ltd. Y 13,389,630
Aggregate Pro Group Involvement P 2,145,000
[5 Placees]
Finder's Fee: Raymond James Ltd. $1,400 cash and 17,500 warrants payable.
Leede Jones Gable Inc. $5,600 cash and 70,000 warrants payable.
First Republic Capital Corp. $2,520 cash and 31,500 warrants payable.
-Each warrant is exercisable into one common share at $0.15 for two years from closing.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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