Nevada Clean Magnesium Issues Correction to Financing Press Release Issued June 7, 2013
(via Thenewswire.ca)
Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink
Sheets-MLYFF) ("Nevada CMI" or the "Company") is
issuing a correction in the number of shares issued in the second
tranche of the Company's non-brokered private placement. The
Company's release incorrectly stated that 9,300,000,000 shares would
be issued upon closing. The correct amount of shares that will be
issued upon final approval of the TSX-Venture Exchange will be
9,300,000 shares for gross proceeds of $93,000,000.
The financing is priced at $0.01 per Unit. Each Unit is comprised of
one common share in the capital of the Company (a "Share")
plus a three year share purchase warrant (a "Warrant").
Each Warrant entitles the holder to purchase one common share at a
price of $0.05 in the first year and $0.10 in the second and third
year at any time up to 5:00 pm (Vancouver time) from the closing date.
All of the securities issued pursuant to this private placement will
have a hold period expiring four months and one day after the closing
date.
About Nevada Clean Magnesium Inc.
NevadaCMI is a diversified precious, speciality and base metal
exploration and development company focusing on magnesium, molybdenum
and gold exploration and development in North America.
On Behalf of Management
"Edward Lee"
CEO
For all NevadaCMI investor relations needs, investors are asked to
visit the website at www.nevadacmi.com.
Information Contacts
Edward Lee, CEO
Nevada Clean Magnesium Inc.
#602 - 15216 North Bluff Rd.
White Rock, BC V4B 0A7
Telephone: 604-210-9862 Facsimile: 604-210-9862
Email: info@nevadacmi.com
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may contain certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included herein are forward-looking
statements that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time with
the TSX-Venture Exchange, the British Columbia Securities Commission
and the US Securities and Exchange Commission. We seek safe harbor.
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