Nicola Mining Announces Increase In Flow-Through Private Placement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., December 15, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce, that further to its News Release of December 8, 2017, it is increasing the size of its private placement financing because of strong investor demand. The Company previously disclosed that it would issue up to 7,500,000 flow-through common shares of the Company (each, a “FT Share”) at $0.20 per FT Share for gross proceeds of up to $1,500,000. The Company today announces that it has increased the number of FT Shares to be issued, such that it may issue up to 10,262,500 FT Shares at a price of $0.20 per FT Share for gross proceeds of up to $2,052,500 (the “Financing”). Finders’ fees may be payable in connection with the Financing in accordance with the policies of the TSX Venture Exchange (the “Exchange”). Insiders may participate in the Financing. All securities issued in connection with the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. Completion of the Financing is subject to the approval of the Exchange. The aggregate gross proceeds from the sale of the Financing will be used for further exploration on the following key targets: Continued extension of the Embayment Zone skarn mineralization: Southern extension of the Embayment Zone Promontory Hill South Embayment Zone Reverse circular drilling on the approximate 80-90 million tonne waste piles surrounding the historic pit, which had a cut off grade of 0.7% Cu. The Company’s wholly-owned New Craigmont Property, which covers an area of 10,084 hectares along the southern end of...

Nicola Mining Announces Flow-Through Private Placement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., December 8, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce a non-brokered private placement financing of up to $1,500,000 (the “Financing”) consisting of the issuance of up to 7,500,000 flow-through common shares of the Company (each, a “FT Share”) at $0.20 per FT Share. Finders’ fees may be payable in connection with the Financing in accordance with the policies of the Exchange. Insiders may participate in the Financing. All securities issued in connection with the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. Completion of the Financing is subject to the approval of the Exchange. The aggregate gross proceeds from the sale of the Financing will be used for further exploration on the following key targets: Continued extension of the Embayment Zone skarn mineralization; Southern extension of the Embayment Zone Promontory Hill South Embayment Zone Reverse circular drilling (“RC Drilling”) on the approximate 80-90 million tonne waste piles surrounding the historic pit, which had a cut off grade of 0.7% Cu. The Company’s wholly-owned New Craigmont Property, which covers an area of 10,084 hectares along the southern end of the Guichon Batholith and is adjacent to Teck Resources Ltd.’s Highland Valley Copper, Canada’s largest copper mine. None of the securities sold in connection with the Financing will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute...

Nicola Mining Announces Amendments To Secured Convertible Debentures And Warrants, Issuance Of Shares In Settlement Of Interest Owing On Convertible Debentures, And Extension Of Expiry Date For Warrants Issued On November 23, 2015

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., November 27, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce that, further to its News Releases of November 14, 2017, it has received approval from the TSX Venture Exchange (the “Exchange”) to: (i) certain amendments to the secured convertible debentures (each, a “Debenture”) in the aggregate principal amount of $7,000,882 and 7,000,882 warrants (each, a “Warrant”) that were originally issued on November 21, 2014, (ii) the issuance of 4,941,799 common shares (each, a “Share”) in settlement of $840,105.84 interest owing on the Debentures (the “Debt Settlement”) and (iii) the extension of certain warrants (the “November Warrants”) expiring on November 23, 2017 (the “Extension”). The maturity date of the Debentures has been extended from November 21, 2017 to November 21, 2019 and the conversion price of the Debentures was amended from $0.275 to $0.22 per Share. All other terms of the Debentures remain the same. The expiry date of the Warrants issued in connection with the Debentures has been extended from November 21, 2017 to November 21, 2019 and the exercise price of the Warrants was amended from $0.50 to $0.275, with a forced conversion in the event that the shares trade at above $0.34375 for at least 10 trading days. All other terms of the Warrants remain the same. On November 23, 2017, the Company issued 4,941,799 Shares pursuant to the Debt Settlement. The Shares are subject to a statutory hold period expiring on the date that is four months and one day after the closing of the Debt Settlement. Pursuant to the Extension, the expiry date of 18,689,625 November Warrants...

Nicola Mining Announces Debt Settlement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. , November 14, 2017 – Nicola Mining Inc. (the “Company”) today announces that it intends to pay all of the interest owing on the secured convertible debentures (the “Debentures”) issued on November 21, 2014 by the issuance of common shares (each, a “Share”) of the Company. The Debentures mature on November 21, 2017 and bear interest (“Interest”) at a rate of 10% per annum, which Interest is payable annually as to 50% in cash and 50% by the issuance of Shares at a price per Share equal to the Market Price (as defined in the Policies of the TSX Venture Exchange (the “Exchange”)) on the anniversary of the date of issuance of the Debentures, being November 21, 2017. The Exchange has conditionally approved an amendment to the conversion price of the Debentures from $0.275 to $0.22 and the amendment to the maturity date of the Debenture from November 21, 2017 to November 21, 2019. The Company intends on paying all of the Interest in Shares and in order to incentivize the holders of the Debentures to agree to take such Shares in lieu of the cash payment originally contemplated in the Debentures, it has agreed to settle that outstanding interest payment obligation by the issuance of Shares as if the rate of interest was 12% for the third year of the term of the Debentures. Accordingly, the Company intends to issue 4,941,799 Shares at a price of $0.17 per Share in settlement of Interest owing of $840,10.84 (the “Debt Settlement”). Insiders of the Company will be issued an aggregate of 4,450,589 Shares pursuant...

Nicola Mining Announces New Craigmont Follow-Up Induced Polarization Survey Results

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. November 10, 2017 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce results on an additional Induced Polarization Geophysical Survey (“IP Survey”) that focused on the Embayment, Titan Queen, and Promontory Hill Zones, which are located on the Company’s wholly-owned New Craigmont Property. Three North-South IP Survey lines were completed, two of which focused on the Company’s Titan Queen and Embayment targets and a third aimed at providing further clarity on the Promontory Hill. The Company had previously announced positive IP Survey results in its July 24, 2017 news release and felt the area warranted additional work prior to drilling. Two of the lines targeted potential mineralization immediately south of the historic Craigmont underground mining operations, including a western line over a large previously unmined area, while the third line provided additional insight into the Embayment Zone, which the Company is currently drill testing. All three North-South IP Survey lines indicate continuation of the historic high-grade Craigmont ore body. The mineralization seems to, not only encompass Embayment Zone mineralization, but also appears to lead to a new anomalous zone that is now referred to as Embayment South. On Oct. 16, 2017 the Company engaged Scott Geophysics to conduct an additional IP Survey over the New Craigmont Property for the following: To evaluate the Titan Queen and Embayment target(s); To provide clarity on the Promontory Hill anomaly; and, To understand if IP Survey could detect mineralized anomalies through the Kingsvale Conglomerate cover, which is approximately 150.0m thick. The ability to detect mineralized anomalies through the Kingsvale via IP Survey is a...