EDITOR: | August 9th, 2013

Noka Resources Announces Brokered Private Placement to Raise Up to $750,000

| August 09, 2013 | No Comments
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August 09, 2013 (Source: Marketwired) — Noka Resources Inc. (TSX VENTURE:NX) (the “Company“) is pleased to announce that it has engaged Macquarie Private Wealth Inc. (the “Agent“), to act as agent in connection with a brokered private placement (the “Private Placement“) of up to 5,000,000 units (the “Units“) at a price of $0.15 per Unit to raise gross proceeds of up to $750,000. The Agent has a 15% over allotment option.

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 $0.20 per Warrant Share during the first year and a price of $0.25 per Warrant Share during the second year.

The Agent will receive a cash commission equal to 9% of the gross proceeds raised by the Agent in the Private Placement. The Agent will also receive an option entitling it to purchase common shares of the Company equal to 9% of the number of Units sold by the Agent exercisable at a price of $0.15 per common share for a period of 24 months from the closing date of the Private Placement.

The Company will also pay the Agent a corporate finance fee and pay the Agent’s expenses.

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.

ON BEHALF OF THE BOARD

Nav Dhaliwal, President and Chief Executive Officer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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