TSX Venture Exchange
TORONTO, Dec. 11, 2012 /CNW/ - NWM Mining Corporation ("NWM" or the "Company") (TSX-V: NWM) announces that it has closed the first tranche of a private placement
financing resulting in the issuance of 13,500,000 units. Each unit is
comprised of a single share priced at $0.05 per share and has a warrant
with a 48 month term priced at $0.10 per share. Gross proceeds of
$675,000 have been received in connection with this unit financing. The
common shares issued in connection with this private placement will be
subject to a hold period, ending April 12, 2013, which is four months
plus one day from the date of issuance, in accordance with the policies
of the TSX Venture Exchange and applicable securities laws. Insiders of
the corporation have subscribed for 6.5M units ($325,000 CAD) of this
financing. The private placement offering is subject to regulatory
Fees totalling $23,800 and units totalling 476,000 have been paid to
placement agents in connection with this private placement.
Additional information about NWM can be found on the NWM website at www.nwmcorp.ca or on SEDAR at www.sedar.com.
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:
please contact NWM Mining Corporation at (416) 364-6799.