NWM Signs Agreement to Purchase SART Plant Equipment
TSX Venture Exchange
TORONTO, June 19, 2012 /CNW/ - NWM Mining Corporation (the "Company") (TSX-V: NWM) announces that it has agreed to purchase a SART plant from BioteQ Environmental Technologies, Inc. ("BioteQ"), located at its Lluvia de Oro property in Sonora, Mexico, for US$650,000. The Company will make a cash payment of US$650,000 by June 22, 2012, and ownership of the equipment will be transferred to the Company on an "as is" basis.
The equipment purchase follows the settlement of a legal dispute between the Company and BioteQ in April 2012. Under the terms of the settlement, BioteQ was obligated to remove the SART plant by September 30, 2012. The US$650,000 payment by the Company for the equipment purchase is in addition to the CDN$1.3 million the Company has agreed to pay BioteQ over the next two years.
For more information please see NWM's website at www.nwmcorp.ca
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information", as such term is defined in applicable securities laws. Forward-looking information includes, without limitation, the success of exploration activities, price outlooks, production expectations and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.
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accepts responsibility for the adequacy of this release
Chris Berlet, President & CEO or Chris Chadder, CFO
Phone: 416-364-6799 Fax: 416-364-2595