Nicola Mining Announces Completion Of Flow Through Financing And Grant Of Stock Options

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., December 27, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has completed its non-brokered private placement (the “Financing”) as further described in its news releases of December 8, 2017 and December 15, 2017. In connection with the closing of the Financing, the Company sold an aggregate of 10,262,500 shares (each, a “Share”) at a price of $0.20 per Share for gross proceeds of $2,052,500. The Shares were issued on a “flow-through” basis pursuant to the Income Tax Act (Canada). The Company paid cash finder’s fees of $135,800 to seven finders in connection with certain subscriptions in the Financing. Insiders of the Company were issued an aggregate of 187,500 Shares under the Financing, which constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance to each insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares issued to the related parties did not exceed 25% of the Company’s market capitalization. The securities issued under the Financing are subject to a statutory hold period expiring on April 23, 2019. The aggregate gross proceeds from the sale of the Financing will be used for further exploration on the following key targets: Continued extension...

Nicola Expands Embayment Skarn Zone To 250 Meters. Skarn Alteration Remains Open At Depth And To The West

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., December 21, 2017 – Nicola Mining Inc. (TSXV: NIM) is pleased to provide an update on its 2017 Exploration Program focused on copper exploration at its wholly-owned New Craigmont Property. The first four holes all successfully intersected skarn alteration, including previously untested segments of the Embayment Zone. The skarn alteration, consisting of a mineral assemblage of garnet-magnetite-epidote-chlorite, is associated with the Craigmont Copper deposit, which is located along strike to the east. As a result, the strike length of the Embayment zone has increased by 150 metres, bringing the total strike length of the zone to over 250 metres and it remains open to the west and at depth. Skarn alteration intersected over 200 meters in holes NC-2017-01 and NC-2017-03 with an estimated true-thickness of 153.0 meters, and over 120 meters in NC-2017-04 with an estimated true thickness of 78.0 metres. Hole NC-2017-02 successfully defined the eastern boundary of the zone, where it terminates against the post-mineral Embayment Fault.  Embayment zone skarn alteration is open at depth and to the west. Diamond drilling in 2017 was designed to test for continuity of the Embayment Zone at depth and along the west-striking zone of skarn-type alteration and copper mineralization encountered in historical drill holes and more recently, in DDH-THU-002. These first holes met this objective and will aid the geological team in future program planning. Ongoing drilling continues to expand the Embayment Skarn zone westward. The Company will release assays once analysis of all samples has been completed. Craigmont Mines Limited put significant importance on the Embayment Zone and developed an underground portal to...

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...