TSX Venture Exchange
Shares Outstanding: 220,875,195
TORONTO, June 18 /CNW/ - NWM Mining Corporation (the "Company") (TSX-V: NWM) announces that it has repaid a Convertible Debenture of US $1,100,000 (the "Convertible") which was held by Global Resource Fund ("Global"). The Convertible was first issued by Columbia Metals Corporation Ltd. in January 2007, and acquired and extended by Global in January of 2009.
"The repayment of this Convertible Debenture further simplifies the capital structure and balance sheet of NWM Mining Corporation. This is an important step in the year that NWM begins commercial production at Lluvia de Oro and seeks to recalculate and increase reportable gold reserve numbers for the Lluvia de Oro and La Jojoba mines," stated Chris Berlet, President and CEO of NWM.
At the Company's Annual General and Special Meeting of Shareholders on June 17, 2010 the shareholders passed a resolution approving a Shareholder Protection Rights Plan.
The Company is pleased to announce the appointment of Mr. Gary Lohman, P. Geo. as a Director of the Corporation. Mr. Lohman is a professional geologist and has been in the mining industry for over 25 years. Mr. Lohman has worked extensively throughout North and South America and is presently serving as the Chief Operating Officer of Canuc Resources Corporation.
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