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  • Nortec Minerals (NVT) has completed a private placement for gross proceeds of $250,000
  • The company issued 25,000,000 units for $0.01 per unit
  • Nortec is a Canadian-based mineral exploration company
  • Nortec Minerals Corp. (NVT) opened trading at C$0.01 per share

Nortec Minerals (NVT) has completed a private placement for gross proceeds of $250,000.

The company issued 25,000,000 units for $0.01 per unit. Each unit consists of one share and one share purchase warrant. Each warrant is may be exercised to acquire one additional share at a price of $0.05 until September 2, 2023.

Nortec paid finders’ fees in cash of $9,000 to Haywood Securities Inc.

Proceeds will be used to fund exploration work and general working capital. 

All securities issued are subject to a statutory four-month hold period, expiring on January 3, 2023.

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$0.01 per share.


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