Re: NWM Mining $2-million debenture private placement

Welcome To The NWM Mining Corp HUB On AGORACOM

NWM Mining Corporation is a Canadian mineral exploration company focused on the development of the Lluvia de Oro / La Jojoba gold mine located in Sonora in North West Mexico

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KingJames

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Re: NWM Mining $2-million debenture private placement

in response to

NR: Lluvia de Oro/La Jojoba Update

Moneytospend

posted on Oct 14, 2010 11:32AM

NWM Mining $2-million debenture private placement

2010-10-12 17:34 ET - Private Placement - Debenture

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 21, 2010.

Convertible debenture: $2-million

Conversion price: Convertible into common shares for a two-year period at the greater of 12 cents of principle amount per share and 20 cents of principle amount per share under certain circumstances

Maturity date: Two years from closing

Interest rate: 15 per cent per year

Hidden placee: One hidden placee

For further details, please refer to the company's news release dated Sept. 24, 2010.

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