TSX Venture Exchange
Shares Outstanding: 336,100,093
TORONTO, Dec. 13 /CNW/ - NWM Mining Corporation (TSX-V: NWM) is pleased
to announce the closing of a 30,000,000 common share private placement
financing. Each share was issued at a price of $.10 cents per common
share for aggregate proceeds of CAD $3,000,000. Commissions amounting
to CAD $192,500 were paid, and shares totalling 1,925,000 issued, to
placement agents in connection with this financing. Hale Capital of New
York is a new investor to NWM.
The private placement is subject to regulatory approval and the
securities issued are subject to a four month plus one day hold period,
ending April 14th, 2011, in accordance with the policies of the TSX Venture Exchange and
applicable securities laws.
"This financing completes the equity covenants required of NWM for full
release of debt funds provided by the Company's current lender, Global
Resource Fund. NWM now qualifies for the final draw down under the
previously announced debt facility," said NWM President & CEO, Chris
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy of this release.
SOURCE NWM Mining Corporation
For further information: For further information:
please contact NWM Mining Corporation at (416) 364-6799