New Issue: Normabec settles C$1.39 million private placement of units

By Devika Patel

Knoxville, Tenn., June 16 - Normabec Mining Resources Ltd. said it took in C$1.39 million in a private placement of units.

The company sold 3,973,144 units of one share and one half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.55 for 18 months.

Proceeds will be used to advance the Real de Catorce Silver project and for general working capital.

Normabec is a mining company based in St-Bruno, Quebec.

Issuer:	Normabec Mining Resources Ltd.
Issue:	Units of one share and one half-share warrant
Amount:	C$1,390,600
Units:	3,973,144
Price:	C$0.35
Warrants:	One half-share warrant per unit
Warrant expiration:	18 months
Warrant strike price:	C$0.55
Settlement date:	June 16
Stock symbol:	TSX Venture: NMB
Stock price:	C$0.38 at close June 13

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