Published on 11/23/2009 in the Prospect News PIPE Daily.
New Issue: North American Tungsten plans C$3.07 million private placement of stock
By Devika Patel
Knoxville, Tenn., Nov. 23 - North American Tungsten Corp. Ltd. said it will raise C$3.07 million in a non-brokered private placement of stock.
The company will sell 20,433,333 common shares at C$0.15 per share.
Proceeds will be used for working capital.
Based in Vancouver, B.C., North American Tungsten is a mining company focused on tungsten and related mineral properties.
| Issuer: | North American Tungsten Corp. Ltd.
|
| Issue: | Common shares
|
| Amount: | C$3,065,000
|
| Shares: | 20,433,333
|
| Price: | C$0.15
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Nov. 23
|
| Stock symbol: | TSX Venture: NTC
|
| Stock price: | C$0.195 at close Nov. 20
|
| Market capitalization: | C$27.3 million
|
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