Source: Merritt Herald
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  • Between March 15, 2023, and August 15, 2023, the company may acquire up to 4,000,000 shares for cancellation
  • Purchases will be carried out by Canaccord Genuity Corp. on behalf of the company
  • Nicola Mining Inc. is a mining company whose projects include the New Craigmont Project and the Treasure Mountain Property
  • Nicola Mining Inc. (NIM) is up 3.23 per cent on the day, trading at C$0.16 per share at 1:30 pm ET

Nicola Mining (NIM) has announced plans for a normal course issuer bid.

Between March 15, 2023, and August 15, 2023, the company may acquire up to 4,000,000 shares, representing approximately 1.27 per cent of its issued and outstanding shares.

The company believes that the bid represents an attractive investment opportunity and desirable use of its corporate funds.

Purchases will be carried out on the TSXV and other available markets and alternative trading systems in Canada by Canaccord Genuity Corp. on behalf of the company.

All shares purchased under the NCIB will be returned to treasury and cancelled.

About Nicola Mining

Nicola Mining Inc. is a mining company focused on the acquisition and exploration of mineral properties. Its projects include Merritt Mill and Tailing Facility, New Craigmont property, Treasure Mountain property, and Sand and Gravel property.

The company owns 100 per cent of the New Craigmont Project, a high-grade copper property, adjacent to Teck Resources Ltd.’s Highland Valley Copper, Canada’s largest copper mine. The company also owns 100 per cent of the Treasure Mountain Property, consisting of 30 mineral tenures covering 513 hectares (ha) and a mining lease covering 335 ha.

Nicola Mining Inc. (NIM) is up 3.23 per cent on the day, trading at C$0.16 per share at 1:30 pm ET.


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