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NMB Normabec Mining Resources Com Npv

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Share Name Share Symbol Market Type
Normabec Mining Resources Com Npv TSXV:NMB 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 -

Normabec Closes $ 1,39 M Non-Brokered Private Placement

16/06/2008 1:54pm

Marketwired Canada


Normabec Mining Resources Ltd. (TSX VENTURE:NMB) (FRANKFURT:N6M) ("Normabec" or
"the Company"), has closed a non-brokered private placement of 3,973,144 units
of the company at a price of $0.35 per unit for gross proceeds of $ 1,390,600.


Each unit consists of one common share of the company and one-half of one common
share purchase warrant.  Each whole common share purchase warrant will entitle
the holder to purchase one common share at an exercise price of $0.55 per share,
for a period of 18 months following the date of closing of the private
placement.


In accordance with securities legislation, the common shares and warrants
forming the units, as well as any common shares issued upon exercise of the
warrants prior to October 14, 2008, are subject to a four month hold period from
the closing date.


The proceeds of the placement will be used to advance the Real de Catorce Silver
Project and for general working capital purposes.  The company paid a total of
$53,780 in cash to certain registrants as a finder's fee related to the private
placement.


Normabec is a junior mining exploration company with a portfolio of advanced
projects including: the Pitt Gold project in Quebec and Real de Catorce Silver
project in Mexico.


The TSX Venture Exchange has neither approved nor disapproved the contents of
this press release.


1 Year Normabec Mining Resources Com Npv Chart

1 Year Normabec Mining Resources Com Npv Chart

1 Month Normabec Mining Resources Com Npv Chart

1 Month Normabec Mining Resources Com Npv Chart

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