TSX Venture Exchange
TORONTO, June 26, 2012 /CNW/ - NWM Mining Corporation (TSX-V: NWM) is pleased to announce that Mr. Mark Selby has joined the Company's Board of Directors and the Company's Strategic Review Committee. This addition permits NWM to leverage Mr. Selby's considerable experience in both corporate finance and mergers & acquisitions. Mr. Selby has more than twenty years' experience in corporate finance and corporate development. He has held senior roles with Inco Limited, QuadraFNX and Purolator Courier and is currently Senior Vice-President of Corporate Development with Royal Nickel Corp. Mr. Selby is also a director of Kiska Metals and Minfocus Exploration and was a member of the Board of Directors of Castle Gold Corp where he played a lead role in the strategic review process which successfully concluded with the sale of the company to Argonaut Gold Inc.
"Mark brings corporate finance, mergers & acquisitions and debt structure skills to the Board at an important time. I look forward to Mark's input on the Strategic Review process and on capital structure initiatives as NWM considers development options for the Lluvia-Jojoba gold mine," said Chris Berlet, President and CEO.
In relation to this appointment, NWM has granted options to purchase 400,000 shares exercisable for three years at an exercise price of $0.10 per share.
The appointment and option grant are subject to regulatory approval, including TSX Venture Exchange approval.
For Further information, please contact NWM Mining Corporation at (416) 364-6799.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information", as such term is defined in applicable securities laws. Forward-looking information includes, without limitation, the success of exploration activities, price outlooks, production expectations and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.
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
For further information:
Chris Berlet, President & CEO or Chris Chadder, CFO
Phone: 416-364-6799 Fax: 416-364-2595