TSX Venture Exchange
TORONTO, Dec. 2, 2013 /CNW/ - NWM Mining Corporation ("NWM" or the "Company") (TSX-V: NWM) announces that it has extended the due date of the current debt
outstanding from November 30, 2013 to January 31, 2014. The extension
provides a further two months (see the Company's press releases dated
October 31 and October 1, 2013) for the ongoing negotiations to be
concluded with the Company's lender (Renvest Mercantile Bancorp through
its Global Resources Fund), as set out in the Company's press release
dated June 14, 2013. All other terms as were announced previously
remain in place including the September 30, 2014 maturity date for the
amended and restated credit agreement.
About NWM Mining Corporation
NWM is in commercial gold production at its wholly owned Lluvia-Jojoba
gold mine. The mine is an open pit heap leach operation in Sonora
State, Mexico. Management believes the property is significantly
under-explored and hosts potential to provide further gold discoveries
and resource and reserve upgrades. While management has focused in the
past on developing the mine and supporting cash flows, the focus in
2013 will shift to increasing mining rates and drilling to expand
geological resources and reserves.
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:
For further information, please contact NWM Mining Corporation at (416) 364-6799.