Vancouver, BC / December 3, 2021 – NORTEC MINERALS CORP. (the “Company” or “Nortec”) (TSXV: NVT): –The Company announces that it has closed a first tranche consisting of 5,000,000 units for gross proceeds of $100,000 of its non-brokered private placement announced on November 9, 2021, of up to 12,500,000 units at a price of $0.02 per unit (the “Units”) to raise gross proceeds of up to $250,000 (the “Offering”).
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 $0.05 per common share for a period of five years from the date of issue. In accordance with applicable securities laws, all securities issued under the Offering are subject to a four month and one day hold period from the date of issuance. The funds raised are for working capital and for general corporate purposes.
On behalf of the Board of Directors,
Interim CEO, CFO and Director
P: (604) 561-2687
About Nortec Minerals Corp.
Nortec is a mineral exploration company based in Vancouver, British Columbia. Nortec has a 17% interest in the Tammela Gold and Tammela Lithium projects in Southwest Finland. Detailed information on this project is posted on the Company’s website www.nortecminerals.com.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release. This press release contains certain forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company’s control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.