Nicola investor Ocean Partners to invest $1M in company

Executive Summary

• Nicola Mining Inc. announced a strategic non-brokered private investment of $1-million from Ocean Partners U.K. Ltd. to strengthen its balance sheet ahead of a planned uplisting to Nasdaq in the first quarter of 2026.
• The company issued 1,111,112 units at a price of 90 cents per unit, with gross proceeds of up to $1-million designated for general working capital.
• The transaction includes the appointment of Rahim Kassim-Lakha of Blue Sail Capital as strategic adviser to guide capital market strategy and corporate development.

Key Details

• Transaction Structure: Non-brokered private investment.
• Investor: Ocean Partners U.K. Ltd.
• Gross Proceeds: Up to $1-million.
• Units Issued: 1,111,112 units.
• Price Per Unit: 90 cents.
• Warrant Terms: Each unit includes one transferable common share purchase warrant.
  • Exercise Price: $1.10 per share.
  • Duration: Three years following closing.
  • Acceleration Clause: Expiry may be accelerated if the closing price on the TSX Venture Exchange is $1.70 or greater for a minimum of 10 consecutive trading days, subject to notice.
• Holding Period: Statutory holding period of four months and one day after closing.
• Use of Proceeds: General working capital.
• Regulatory Status: Completion subject to exchange approval; any insider participation constitutes a related-party transaction under Multilateral Instrument 61-101 but is expected to be exempt from formal valuation and minority shareholder approval requirements.
• Strategic Adviser: Rahim Kassim-Lakha, founder and CEO of Blue Sail Capital, appointed to provide guidance on capital market strategy and corporate development.

Notable Quotes

• "Nicola Mining Inc. will complete an additional investment from Ocean Partners U.K. Ltd. (1), which has agreed to participate in a strategic non-brokered private investment of $1-million to strengthen the company's balance sheet as it prepares to uplist onto Nasdaq in first quarter of 2026."