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  • Nortec (NVT) has announced a non-brokered private placement to raise gross proceeds of up to $250,000
  • The company will issue up to 12,500,000 units at a price of $0.02 per unit
  • Proceeds of the offering will be used for working capital and general corporate purposes
  • Nortec will not be proceeding with the $350,000 non-brokered private placement announced on July 13th
  • Nortec is a Canadian-based mineral exploration company
  • Nortec Minerals Corp. (NVT) opened trading at C$0.02 per share

Nortec (NVT) has announced a non-brokered private placement to raise gross proceeds of up to $250,000.

The company will issue up to 12,500,000 units at a price of $0.02 per unit. Each Unit will consist of one common share and one common share purchase warrant entitling the holder to purchase one additional common share at an exercise price of $0.05 per common share for a period of five years from the date of issue.

The company may pay finder’s fees and/or commissions to eligible persons in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Nortec intends to use the net proceeds of the offering for working capital and for general corporate purposes.

Closing of the offering is subject to certain conditions including the approval of the TSXV.

Nortec will not be proceeding with the $350,000 non-brokered private placement announced on July 13th.

Nortec is a Canadian-based mineral exploration company. Nortec has a 17 per cent interest in the Tammela Gold and Tammela Lithium projects in Southwest Finland.

Nortec Minerals Corp. (NVT) opened trading at C$0.02 per share.

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