NWM Mining Corporation Announces Initial Closing of Private Placement

TSX Venture Exchange
Symbol: NWM

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 approval.

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.

Profil de l'entreprise

NWM Mining Corporation

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.