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Riley, 22, made 22 appearances in all for County, scoring 3 goals in just under three years for the club. Highlights of his time at Meadow Lane include his wonder goal against Colchester, a goal that propelled Riley into the first team plans of then-manager Billy Dearden during the 2003/04 season.
Whilst the former England youth international, Nicholson, 23, had a more impressive appearance tally in his time here, turning out 84 times for the Magpies whilst managing to notch up four goals from his left-back slot. He joined from Northampton after spending time at FA school of youth development, Lilleshall.
New Grimsby boss Russell Slade, a former Magpies boss himself, has also snapped up pacey winger Andy Parkinson, who impressed in a loan spell at Meadow Lane during the second half of last season. Parkinson has signed a two-year deal to join the Mariners.
NCM would like to wish all three well as they bid to make new starts away from Meadow Lane.