NWM Mining concludes C$2.19 million private placement of units, stock

Deal sells common shares, units of common shares, half-share warrants

By Devika Patel

Knoxville, Tenn., July 8 - NWM Mining Corp. said settled a C$2.19 million private placement of stock and units.

The company sold 14,132,000 common shares at C$0.125 per share. The price per share is identical to the July 7 closing share price of C$0.125.

The company also said it sold 2.8 million units of one common share and a half-share warrant at C$0.15 per unit. Each whole warrant will be exercisable until July 8, 2012 at C$0.20, which is a 60% premium to the July 7 closing price.

Based in Toronto, NWM Mining develops and explores gold properties.

Issuer:	NWM Mining Corp.
Issue:	Common shares, units of one common share and a half-share warrant
Amount:	C$2,186,500
Settlement date:	July 8
Stock symbol:	TSX Venture: NWM
Stock price:	C$0.12 at close July 8
Market capitalization:	C$48.43 million
Shares
Amount:	C$1,766,500
Shares:	14,132,000
Price:	C$0.125
Warrants:	No
Units
Amount:	C$420,000
Shares:	2.8 million
Price:	C$0.15
Warrants:	One half-share warrant per unit
Warrant strike price:	C$0.20
Warrant expiration:	July 8, 2012

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