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NTN

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Share Name Share Symbol Market Type
TSXV:NTN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Newton Energy Corporation Announces Proposed Private Placement

06/03/2012 1:00pm

Marketwired Canada


Newton Energy Corporation (the "Company" or "Newton") (TSX VENTURE:NTN)
announces that it plans to complete a non-brokered private placement of up to
5,000,000 common shares (the "Common Shares") of Newton at a price of $0.10 per
Common Share for aggregate gross proceeds of up to $500,000 (the "Offering"). 


Newton may pay a commission or finder's fee to qualified non-related parties of
up to 8% of the gross proceeds of the Offering and broker warrants (the "Broker
Warrants") up to 10% of the number of Common Shares sold in the Offering. Each
Broker Warrant will entitle the holder to acquire one Common Share at a price of
$0.10 per Broker Warrant for a period of 12 months from the date of issuance.


The proceeds of the Offering will be used for exploration and development
activities and general working capital purposes. Completion of the Offering is
subject to regulatory approval including, but not limited to, the approval of
the TSX Venture Exchange Inc. (the "TSXV"). The securities issued will be
subject to a four month hold period from the date of the closing of the
Offering.


About Newton 

Newton is an oil and gas company with exploratory targets on its East Midlands
licenses in the United Kingdom. Newton maintains offices in Woking, England and
Calgary, Alberta.


ADVISORY: 

This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to the closing
of the private placement including the Company's ability to obtain necessary
approvals from the TSX Venture Exchange. All statements included herein, other
than statements of historical fact, including are forward-looking information
and such information involves various risks and uncertainties. There can be no
assurance that such information will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
information. A description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual results to
differ materially from forward-looking information can be found in Newton's
disclosure documents on the SEDAR website at www.sedar.com. Newton does not
undertake to update any forward-looking information except in accordance with
applicable securities laws.


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