| ||August 07, 2008|
North American Tungsten Corporation Ltd. Closes CDN $5,004,000 Financing
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
NORTH AMERICAN TUNGSTEN CORPORATION LTD. ("NTC" or the "Company") is pleased to announce that it has closed its public offering (the "Offering") of 4,170,000 flow through common shares of the Company (the "Common Shares") at a price of $1.20 per Common Share gross proceeds of $5,004,000 through Haywood Securities Inc. (the "Agent"), who acted as agent for the Company.
As partial consideration for the services of the Agent in connection with the Offering, the Company has issued to the Agent 250,200 share purchase warrants (the "Agent's Warrants"). Each Agent's Warrant will entitle the holder to purchase one common share of the Company exercisable at a price of $1.20 at any time prior to 4:00 p.m. (Vancouver time) on August 7, 2009.
The Offering was made pursuant to a short form prospectus filed in the provinces of British Columbia, Alberta and Ontario. The securities to be offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons absent registration or in accordance with an applicable exemption from the registration requirements.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen M. Leahy
Chairman & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Toni Williamson, firstname.lastname@example.org
Vancouver Office: +1.604.684.5300 Fax: +1.604.684.2992
Toronto Office: +1.416.602.2665
You can view the Next News Releases item: Thu Aug 14, 2008, North American Tungsten Continues To Intersect High Grade Ore At Cantung Including 22Ft @ 2.98% Wo3, 20Ft @ 3.31% Wo3 And 15Ft @ 4.34% Wo3.
You can view the Previous News Releases item: Wed Jul 23, 2008, North American Tungsten Corporation Ltd. Announces Financing
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