Toronto, Ontario -(Newsfile Corp. – December 6, 2017) – Nitinat Minerals Corp. (TSXV: NZZ) (FSE: 04U1) (the “Corporation”) is pleased to announce that it intends to raise gross proceeds of up to $350,000 through a non-brokered private placement of up to 7 million units (the “Units”) of the Corporation at a price of $0.05 per Unit. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one (1) common share for a period of five (5) years from date of issuance at an exercise price of $0.07 per Warrant.
The non-brokered private placement is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The Corporation intends to use the net proceeds for general working capital.Read More