Press Releases

Nomad Ventures Inc. (TSX-V: NMD) announces its board of directors have approved a non-brokered private placement of up to 1,500,000 units at a price of $0.05 per unit for gross proceeds of up to $75,000. Each unit consists of one common share in the capital of Nomad and one share purchase warrant entitling the holder to acquire one additional common share of Nomad, exercisable for a period of five years following the closing date of the private placement. The exercise price of each of the share purchase warrants will be $0.05 during the five year term of the warrants.

Nomad shall rely on the accredited investor exemption (British Columbia, Alberta and Ontario) and the friends and relatives exemption (British Columbia) in accordance with National Instrument 45-106 – Prospectus and Registration Exemptions.

Nomad will pay a finder’s fee in connection with the private placement of 10 percent cash, plus 10 percent finders’ warrants, where permitted by the TSX Venture Exchange. The finders’ warrants will be on the same terms as those issued under the private placement.

The gross proceeds of the offering will be used in part for general working capital and installation of Nomad’s previously purchased 120 ton, 75 foot barge loading ramp located at the St. Vincent Bay Aggregate Property.

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