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Nicola Mining — Capital/Financing Update 2022
Oct 5, 2022
43861_rns_2022-10-05_2d35ab0c-f7f2-4db8-a8e6-13794bf6b3eb.pdf
Capital/Financing Update
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TSX.V: NIM FSE: HLI OTCBB: HUSIF
NICOLA MINING ANNOUNCES GRANT OF STOCK OPTIONS
VANCOUVER, B.C., October 5, 2022 – Nicola Mining Inc. (TSX.V: NIM ) (FSE: HLI ) (the “ Company ”) is pleased to announce that it has granted an aggregate of 5,150,000 stock options to certain directors, officers, employees and consultants for the purchase of up to 5,150,000 common shares of the Company pursuant to its Stock Option Plan. Each option is exercisable for a period of 5 years at a price of $0.08 per common share.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX Venture and Frankfurt Exchanges that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s fully-permitted mill can process both gold and silver mill feed via gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 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. The Company also owns 100% of the Treasure Mountain Property, consisting of 30 mineral tenures covering 513 hectares (ha) and a mining lease covering 335 ha.
On behalf of the Board of Directors
“ Peter Espig ”
Peter Espig CEO & Director
For additional information
Contact: Peter Espig Phone: (778) 385-1213 Email: [email protected]
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.