NiCo Mining Limited
TSX VENTURE : NCL

NiCo Mining Limited

November 30, 2009 10:54 ET

NiCo Mining Limited Announces Granting of Options

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

NiCo Mining Limited ("NiCo" or the "Company") (TSX VENTURE:NCL) announced today that, at a meeting of its board held on November 25, 2009, the board approved the granting of a total of 500,000 options to two independent directors. The Options are exercisable at $0.30 per share and expire on November 24, 2012.

NiCo maintains interests in its Lomie nickel and cobalt properties in Cameroon which are being held on a care and maintenance basis and continues to investigate other resource opportunities which may be available to the Company in order to maximize shareholders value.

The Company has 8,898,100 common shares issued and outstanding is debt free and has approximately $2.8 million of working capital.

The statements made in this press release may contain forward-looking statements that may involve a number of risks and uncertainties. Such forward-looking statements include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of NiCo. These risks and uncertainties could cause actual results and NiCo's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. NiCo assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

Neither the 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

Contact Information

  • NiCo Mining Limited
    R. A. Bondy
    416-637-2080
    416-637-2081 (FAX)
    or
    NiCo Mining Limited
    Tali Afgin
    416-637-2080
    416-637-2081 (FAX)