Noka Closes Financing
Vancouver, British Columbia, May 26, 2016 – Noka Resources Inc. (TSXV: NX) (9BR1: Frankfurt) (the “Company” or “Noka”) announces that further to its news release of April 21, 2016, it has closed its private placement of 5,839,333 units at $0.12 per unit for total gross proceeds of $700,719.96. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share for a period of two years from the date of issue at a price of $0.24 per share.
The Company paid a total of $47,177.60 and issued 393,147 share purchase warrants in respect of finders’ fees on the placement. Each warrant is exercisable into one common share of the Company for a period of two years from the date of issue at a price of $0.12 per share.
The proceeds from placement will be used for exploration costs and for general working capital. All securities issued under the placement are subject to statutory hold periods expiring on September 27, 2016.
For further information, contact Nav Dhaliwal, President and Chief Executive Officer, at [email protected] or 604-678-5308 or visit www.nokaresources.com.
ON BEHALF OF THE BOARD
Nav Dhaliwal, President and Chief Executive Officer
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