Wednesday, August 5, 2009

North American Tungsten closes CAD$6,000,000 Private Placement

NORTH AMERICAN TUNGSTEN CORPORATION LTD. (the "Company") announces that it has completed the CAD$6,000,000 private placement financing announced on July 24, 2009. The Company issued a total of 40,000,000 common shares ("Common Shares") at a price of CAD$0.15 per Common Share. The Common Shares issued pursuant to the private placement are subject to a hold period that expires on December 1, 2009 in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange.The proceeds of the private placement will be used to repay US$3,000,000 of convertible debentures and for working capital.

In addition, Mr. Ron Erickson, a director of the Company, today announced that he acquired 10,000,000 Common Shares in the private placement, representing approximately 5.9%............for Full Details see release

NTC on the TSX.v
www.NorthAmericanTungsten.com



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1 comment:

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