Toronto, Ontario -Ontario–(Newsfile Corp. – February 8, 2018) – Nitinat Minerals Corp. (TSXV: NZZ) (the “Corporation”) is pleased to announce that, further to its press release dated December 6, 2017, the Corporation issued an aggregate of 5,204,100 units (the “Units”) of the Corporation at a price of $0.05 per Unit for aggregate gross proceeds of $260,205. Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to purchase one (1) common share at an exercise price of $0.07 per Warrant at any time until 5:00 p.m. on December 28, 2022.
In connection with the issuance of the Units, the Corporation paid finders’ fees of $20,416.40 in cash and issued an aggregate of 408,328 broker warrants (the “Broker Warrants”) to arm’s length third parties. Each Broker Warrant entitles the holder thereof to purchase one (1) Unit at an exercise price of $0.05 per Broker Warrant at any time until 5:00 p.m. on December 28, 2022.