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Nicola Mining — Capital/Financing Update 2023
Jan 11, 2023
43861_rns_2023-01-11_f6061445-3684-4bc8-98a1-27f125f521cf.pdf
Capital/Financing Update
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51-102F3 MATERIAL CHANGE REPORT [F]
Item 1 Name and Address of Company
Nicola Mining Inc. (the "Company") 3329 Aberdeen Road Lower Nicola, BC V0K 1Y0
Item 2 Date of Material Change
January 9, 2023
Item 3 News Release
The news release dated January 6, 2023 was issued by Market News and Stockwatch on January 6, 2023.
Item 4 Summary of Material Change
On January 6, 2023, the Company announced that it has completed the amendments to the secured convertible debentures (each, a "Debenture") by issuing Amended and Restated Convertible Debenture Certificates in the aggregate principal amount of $330,000 to certain holders.
The maturity date of the Debentures has been extended from January 9, 2023 to January 9, 2025. The Company also amended the Debentures to permit the Company to prepay all or any portion of the outstanding principal of the Debenture, and accrued and unpaid interest thereon, at its sole discretion without penalty or bonus. In all other respects, the terms of the Debentures remain the same.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
The material change is fully described in Item 4 above and in the News Releases filed on SEDAR at www.sedar.com.
5.2 Disclosure for Restructuring Transactions
Not Applicable
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not Applicable
Item 7 Omitted Information
None
Item 8 Executive Officer
Peter Espig, President and Chief Executive Officer, 778.385.1213
Item 9 Date of Report
January 11, 2023
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