TSX Venture Exchange
Shares Outstanding: 220,875,195
TORONTO, June 17 /CNW/ - NWM Mining Corporation (the "Company") (TSX-V: COL) announces that it has entered into a Standby Facility for US $6,000,000 (the "Facility") with Renvest Mercantile Bancorp through its Global Resource Fund ("Global"). Uses of proceeds for the Standby Facility include funding for gold production at the Lluvia-Jojoba mine project and general working capital.
In connection with the first drawdown of the Facility, the Company has issued to Global 666,668 common shares that are subject to a four month hold period ending October 16, 2010.
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