Nicola Mining (TSE:NIM) has released an update.
Nicola Mining Inc. has announced a private placement of 5.5 million flow-through shares at $0.23 each to raise $1.265 million, aimed at funding further exploration of its New Craigmont Project in British Columbia. The shares will be offered based on Canada’s Income Tax Act provisions and are subject to a four-month hold period and TSX Venture Exchange approval. The proceeds will support upcoming 3D survey and drilling programs adjacent to Canada’s largest copper mine.
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