Nortec Announces Extension of Private Placement | 2022-02-28 | Press Releases

Vancouver, British Columbia–(Newsfile Corp. – February 28, 2022) – NORTEC MINERALS CORP. (TSXV: NVT) (the “Company” or “Nortec”): The Company announces that it has received an extension 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 up to $250,000 (the “Offer”). The extended deadline for acceptance of the offer is March 28, 2022. Each unit will consist of one common share and one common share purchase warrant entitling the holder to purchase one additional common share at a exercise price of $0.05 per common share for a period of five years from the date of issue.

The Company may pay finder’s fees and/or commissions to Eligible Persons in connection with the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

In accordance with applicable securities laws, all securities issued under the Offering will be subject to a hold period of four months and one day from the date of issue. The closing of the Offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

No securities regulatory authority has approved or disapproved of the contents of this press release. The securities of the Company have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States. United States, or to or on behalf of or for the benefit of any person in the United States, absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy common stock in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

On behalf of the Board of Directors,

“Michael Malana”

CEO, CFO and Acting Director

T.: (604) 561-2687

About Nortec Minerals Corp.

Nortec is a mining exploration company based in Vancouver, British Columbia. Nortec holds a 17% interest in the Tammela Gold and Tammela Lithium projects in southwestern Finland. Detailed information on this project is posted on the Company’s website www.nortecminerals.com.

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this press release. This press release contains certain forward-looking statements that involve known and unknown risks, delays and uncertainties beyond the Company’s control and which may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or expectations implied by such forward-looking statements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115201

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