Proceeds to be used for building a road to the La Jojoba gold reserve
By Devika Patel
Knoxville, Tenn., Dec. 6 - NWM Mining Corp. said it settled a C$3.34 million private placement of stock.
The company sold 41,775,000 common shares at C$0.08 per share. The price per share is identical to the Dec. 5 closing share price.
Proceeds will be used for completing construction of leach pads and building the road from the Lluvia Dos leach pad to the La Jojoba gold reserve.
Based in Toronto, NWM Mining develops and explores gold properties.
| Issuer: | NWM Mining Corp.
|
| Issue: | Common shares
|
| Amount: | C$3,342,000
|
| Shares: | 41,775,000
|
| Price: | C$0.08
|
| Warrants: | No
|
| Settlement date: | Dec. 6
|
| Stock symbol: | TSX Venture: NWM
|
| Stock price: | C$0.08 at close Dec. 5
|
| Market capitalization: | C$34.73 million
|
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