OTTAWA, Jan. 9, 2012 /CNW/ - Northern Shield Resources Inc. ("Northern
Shield") (TSXV: NRN) is pleased to announce that on December 31 it
completed a private placement (the "Private Placement") of 280,000
common shares on a flow-through basis ("Flow-Through Shares") at a
price of $0.25 per Flow-Through Share for gross proceeds of $70,000.
The securities issued under the Private Placement cannot be traded for
four months and a day from the date of their issuance. The Private
Placement is subject to TSX approval. A director of Northern Shield
participated in the financing.
Northern Shield is an innovative, results-driven Canadian company
focused on PGE exploration in Canada and Cu-Zn-Ag VMS on its Wabassi
and Storm properties. Its mission is to create a successful mineral
exploration company through technical excellence and efficient
management, where success is measured by the identification and
development of high-quality mineral exploration projects, which may
ultimately be optioned, sold or developed for maximum return on
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
SOURCE NORTHERN SHIELD RESOURCES INC.
For further information:
on Northern Shield and its properties, please visit our website at www.northern-shield.com or contact:
Northern Shield Resources Inc.
President and CEO
Tel.: (613) 232-0459
Fax: (613) 232-0760