Friday, July 24, 2009

North American Tungsten Announces a CAD$6,000,000 Private Placement

North American Tungsten Corporation Ltd. (the "Company") is pleased to announce that it has negotiated a Private Placement of 40,000,000 common shares at a price of CAD$0.15 per share with insiders and private investors for proceeds of CAD$6,000,000, subject to regulatory approval. The proceeds of the private placement will be used for repayment of the US$3,000,000 convertible debenture and the balance for working capital. The Private Placement is subject to regulatory approval.

The Company further announces the renewal and increase to its credit facilities with HSBC ("Bank"). The completed credit facility renewals and increases include;

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North American Tungsten


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