By Devika Patel
Knoxville, Tenn., Sept. 4 - NWM Mining Corp. said it has revised the terms of a C$4 million non-brokered private placement of units. The deal priced on July 28.
The company will sell units of one common share and a warrant at C$0.06 apiece. Each two-year warrant is exercisable at C$0.08 in the first year and at C$0.10 thereafter.
Based in Toronto, NWM Mining develops and explores gold properties.
| Issuer: | NWM Mining Corp.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$4 million
|
| Price: | C$0.06
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.08 in the first year, C$0.10 thereafter
|
| Agent: | Non-brokered
|
| Pricing date: | July 28
|
| Amended: | Sept. 4
|
| Stock symbol: | TSX Venture: COL
|
| Stock price: | C$0.05 at close on July 27
|
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