NWM Announces Proposed Financing, Debt Reduction and Share Consolidation
![NWM Announces Proposed Financing, Debt Reduction and Share Consolidation](https://www.goldseiten.de/media/goldseiten-news.jpg)
The Offering is expected to close on or before December 21st, subject to the completion of satisfactory due diligence, preparation of definitive documentation, receipt of TSX Venture Exchange approval and other customary closing conditions.
The Company also wishes to announce a special meeting of its shareholders (the "Meeting"), scheduled to be held on or before February 28th, 2013 in order for shareholders to approve consolidation of the Company's common shares on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation common shares. The consolidation requires the approval of two-thirds of the common shares represented at the Meeting in person or by proxy and will be described in greater detail in a management information circular to be delivered to shareholders. The directors of the Company believe that the consolidation is in the best interests of the Company's shareholders.
The above transactions remain subject to certain regulatory approvals, including acceptance by the TSX Venture Exchange.
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.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release includes "forward-looking information", as such term is defined in applicable securities laws. Forward-looking information includes, without limitation, the success of exploration activities, price outlooks, production expectations and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.
SOURCE NWM Mining Corporation
please contact NWM Mining Corporation at (416) 364-6799.