TSX Venture Exchange
Shares Outstanding: 177,019,527
TORONTO, Jan. 5 /CNW/ - NWM Mining Corporation ("NWM" or the "Company") (TSX-V: NWM) announces that, in accordance with the terms of the agreement disclosed in its press release dated December 8, 2009, NWM has satisfied payment of US $196,875 by the issuance of 2,500,000 common shares to Tara Gold Resources Corporation ("Tara") as part of the price to purchase Tara's 20% Net Cash Flow interest in NWM's Lluvia de Oro mining property. The shares are subject to a four month hold period ending May 4, 2010, as required by the TSX Venture Exchange. An initial US $200,000 cash payment was made December 7, 2009. The US $396,875 purchase price is subject to a future performance-based price adjustment upon NWM producing and selling 3,750 ounces of gold over a 3 month period, such that NWM shall issue to Tara a further 2,500,000 common shares of NWM.
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: NWM Mining Corporation at (416) 364-6799