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Nicola Mining — Capital/Financing Update 2023
May 9, 2023
43861_rns_2023-05-09_756868f2-7082-441f-8cdf-35ed9801b3d3.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
May 2, 2023
Item 3 News Release
The news release dated May 2, 2023 was disseminated by Newsfile Corp. on May 2, 2023.
Item 4 Summary of Material Change
The Company announced that it has granted an aggregate of 200,000 stock options to a consultant for the purchase of up to 200,000 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 $0.15 per common share.
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 Release 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
May 9, 2023