New Era Minerals Inc. Updates Private Placement
06.05.2020 | GlobeNewswire
BEIJING, May 06, 2020 - New Era Minerals Inc. (TSXV: NEM) (the “Company”) announced today that it has extended the date for completing its previously announced proposed non-brokered private placement of up to 17,000,000 common shares at C$0.05 per share by up to 30 days. The extension is required to provide additional time for closing logistics and the private placement and previously announced proposed debt settlement are expected to be completed shortly. Net proceeds from the private placement will be used for working capital and other general corporate purposes.
About New Era
New Era Minerals Inc., through its wholly-owned subsidiary, Haijin International Group Limited, owns 95% of Xinjiang Yongkun Mining Co., Ltd (“Yongkun”). Yongkun's principal activities are the exploration, evaluation and development of mineral property interests in the People’s Republic of China (PRC), including Yongkun's Suyekebei (Suyeke North) nickel property located in Tuoli County, Tacheng Area, Xinjiang- Uyghur Autonomous Region, PRC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information please contact:
New Era Minerals Inc.
Vicky Gao, Corporate Secretary
Tel: 86-13801155400
E-mail : gaoweishan@nemnemnem.com