Nicola Mining Inc. (TSXV:NIM) announced a non-brokered private placement of up to 4,615,384 units at an issue price of CAD 0.13 per unit for gross proceeds of up to CAD 600,000 on December 14, 2020. Each unit consist of one common share issued on flow-through basis and one half of one common share purchase warrant. Each warrant will entitle the holder to purchase one share on non-flow-through basis at a price of CAD 0.17 per warrant share for a period of 2 years from closing. The transaction may include participation from insiders of the company. The company may pay finders’ fee in accordance with the policies of TSX Venture Exchange. All securities to be issued will be subject to a statutory hold period of four months and one day after closing of the transaction. The completion of transaction is subject to approval of Exchange.