Noka Resources Announces Non-Brokered Private Placement Financing
13 Maio 2014 - 6:00PM
Marketwired
Noka Resources Announces Non-Brokered Private Placement Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) - Noka
Resources Inc. (TSX-VENTURE:NX)(FRANKFURT:2NK) (the "Company")
announces that it has arranged a non-brokered private placement
(the "Private Placement") of up to 14,000,000 units (the "Units")
at a price of $0.05 per Unit to raise gross proceeds of up to
$700,000.
Each Unit will consist of one common share of the Company and
one transferable share purchase warrant (a "Warrant"). Each Warrant
shall be exercisable to acquire one additional common share of the
Company (a "Warrant Share") for a period of two years at a price of
$0.10 per Warrant Share. The Company may pay a finder's fee on a
portion or all of the Private Placement.
The Company intends to use the proceeds from the Private
Placement to conduct further exploration on its Athabasca Basin
Uranium properties and for general working capital.
The Private Placement is subject to acceptance by the TSX
Venture Exchange. All the securities issued under the Private
Placement are subject to resale restrictions under applicable
securities legislation.
About Noka Resources Inc.:
Noka Resources Inc. is a junior exploration company with a focus
on uranium in the prolific Athabasca Basin of Northern
Saskatchewan. Noka's exploration strategy is focused in relatively
underexplored areas of the Athabasca Basin Region, targeting
favourable geology and structure amenable to near surface,
unconformity-style uranium mineralization.
With a total prospective land position of 493,236 hectares, Noka
holds one of the largest geologically prospective land packages in
the region through a 100% interest in the Clearwater (which
includes the Carpenter Lake) and Athabasca North group of
properties, an option to earn 100% interest in the Lodge Pole Point
Project, as well as a 25% interest in the Western Athabasca
Syndicate group of properties.
ON BEHALF OF THE BOARD OF DIRECTORS
Nav Dhaliwal, President and CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes certain statements that may be deemed
to be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
Noka Resources Inc.Nav DhaliwalPresident and CEO(604)
678-5308nav@nokaresources.comwww.nokaresources.com
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