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Nicola Mining — Share Issue/Capital Change 2024
Dec 20, 2024
43861_rns_2024-12-19_7fd75f59-0b88-4351-a371-9064156d594c.pdf
Share Issue/Capital Change
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51-102F3
MATERIAL CHANGE REPORT [F]
Item 1 Name and Address of Company
Nicola Mining Inc. (the “Company” or “Nicola”)
3329 Aberdeen Road
Lower Nicola, BC V0K 1Y0
Item 2 Date of Material Change
December 18, 2024
Item 3 News Release
The news release dated December 18, 2024 was issued by Market News and Stockwatch on December 18, 2024.
Item 4 Summary of Material Change
The Company announced that it has granted stock options (“Options”) and restricted share units (“RSUs”) to certain directors, officers, employees and consultants. The Company granted an aggregate of 500,000 Options to one consultant at an exercise price of $0.30 expiring five years from the date of grant. The Options vest immediately. In addition, the Company granted an aggregate of 1,000,000 RSUs to directors, officers, employees and consultants. The RSUs vest on December 31, 2025. The stock options and RSUs were granted in accordance with the Company's equity incentive plan. All of the stock options and RSUs granted to directors, officers and consultants are subject to the TSX Venture Exchange (the “Exchange”) hold period of four months and one day from the date of grant.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
On December 18, 2024, the Company granted an aggregate of 500,000 Options to one consultant at an exercise price of $0.30 expiring five years from the date of grant. The Options vest immediately. In addition, the Company granted an aggregate of 1,000,000 RSUs to directors, officers, employees and consultants. The RSUs vest on December 31, 2025. The stock options and RSUs were granted in accordance with the Company's equity incentive plan. All of the stock options and RSUs granted to directors, officers and consultants are subject to the Exchange hold period of four months and one day from the date of grant
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
74715429\1
Item 8 Executive Officer
Peter Espig, President and Chief Executive Officer, 778.385.1213
Item 9 Date of Report
December 19, 2024
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