NWM draws funds from standby credit facility
TORONTO, April 29 /CNW/ --
TSX Venture Exchange
Symbol: NWM
Shares Outstanding: 403,545,785
TORONTO, April 29 /CNW/ - NWM Mining Corporation ('NWM') announces that
it has drawn additional funds totalling USD3 million under its amended
standby credit facility, announced on September 21, 2010. The funds
are to be used in the ongoing construction and operation of NWM's
Lluvia de Oro gold mine in Sonora, Mexico and for exploration around
the Lluvia de Oro and adjacent La Jojoba gold deposits. In conjunction
with this drawdown of funds, 1,476,192 common shares of NWM have been
issued to the lender as a drawdown fee.
Additional information about NWM can be found on the NWM website at www.nwmcorp.ca or on SEDAR at www.sedar.com.
Neither the 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 of this release.
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NWM Mining Corporation at (416) 364-6799