November 14, 2014. NSS Resources Inc. (the "Company") intends to undertake a non-brokered private-placement financing of up to $75,000.
The private placement consists of the issuance of up to 750,000 units of the company at ten cents per unit, with each unit consisting of one common share and one non-transferrable warrant. Each whole warrant will be exercisable at 15 cents into one additional common share for a period of 24 months after the closing.
A finder's fee of cash and warrants equal to 9 per cent in cash and 9 per cent in finders warrants may be paid in connection with the private-placement offering. Each finder warrant will entitle the finder to purchase a common share at a price of 15 cents per share for a period of 12 months from the closing date of the private placement.
All of the securities issued pursuant to the private placement will be subject to a restricted period of four months and one day from the date of closing. The company may close the private placement in one or more tranches and anticipates that the closing of the placement will take place before November 30, 2014.
The Company intends to use the proceeds from the private placement for general working capital.
For further information, please contact: Jag Sandhu, President and CEO
Tel: 778 218 9638.