By Devika Patel
Knoxville, Tenn., March 30 - NWM Mining Corp. said it took in C$1.34 million in the second tranche of a private placement of stock. On Jan. 28, the company raised C$1.5 million in the first tranche of the deal, which is being conducted by agent Renvest Mercantile Bancorp Inc.
The company sold 18.75 million common shares at C$0.08 per share in the first tranche and 16.75 million shares in the second.
Proceeds will be used for exploration.
Based in Toronto, NWM Mining develops and explores gold properties.
| Issuer: | NWM Mining Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2.84 million
|
| Shares: | 35.5 million
|
| Price: | C$0.08
|
| Warrants: | No
|
| Agent: | Renvest Mercantile Bancorp Inc.
|
| Settlement date: | Jan. 28 (for C$1.5 million), March 30 (for C$1.34 million)
|
| Stock symbol: | TSX Venture: NWM
|
| Stock price: | C$0.09 at close Jan. 27
|
| Market capitalization: | C$19.8 million
|
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