Nomad Increases Previously Announced Private Placement & Acquires Equipment for St. Vincent Bay Property

Press Releases

April 14th, 2015

Nomad Ventures Inc. is pleased to announce that it has increased its previously announced private placement (see news release on January 8, 2015 and February 24, 2015) from 5,000,000 units to 6,000,000 units at a price of $0.05 per share for gross proceeds of up to $300,000. On March 2, 2015, the Company closed the first tranche of the private placement consisting of 3,480,000 units at a price of $0.05 per unit for a total dollar amount of $174,000. The Company anticipates that the balance of the private placement will be closed within one week.

Each unit will continue to consist of one common share in the capital of the Company and one share purchase warrant entitling the holder to acquire one additional common share of the Company, 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.

The gross proceeds of the offering will be used in part for general working capital and exploration expenditures on the Company’s St. Vincent Bay Aggregate Property.

Acquisition of St. Vincent Bay Equipment

The Company also announces that it has entered into an agreement with a third party vendor whereby it will acquire a 30 ton capacity crane as well as pipes, winches and anchors (the “Equipment”). In consideration of the Equipment, the Company has agreed to issue to the vendor 1,123,500 common shares hares at a deemed price of $0.05 per share for a deemed value of $56,175 (inclusive of GST).

The Company intends to use the Equipment to install its previously purchased barge loading ramp (see news release dated October 23, 2014) and to secure barges to the ramp once installed.

The purchase of the Equipment is subject to the acceptance of the TSX Venture Exchange.

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