By Sheri Kasprzak
New York, Dec. 21 - Northwestern Mineral Ventures Inc. said it has wrapped a private placement of C$1,524,599.
The company issued 1,707,665 flow-through shares at C$0.60 each and 909,091 units at C$0.55 each.
The units are comprised of one share and one half-share warrant. The full warrants are exercisable at C$0.70 each through Dec. 21, 2006.
The deal was first announced Dec. 7 as a C$1.5 million offering of 1,666,667 flow-through shares and up to 909,091 units under the same terms.
Toll Cross Securities Inc. was the placement agent.
Proceeds will be used for working capital, as well as ongoing exploration.
Based in Toronto, Northwestern Mineral Ventures is a mineral exploration company with a focus on uranium, gold and silver.
| Issuer: | Northwestern Mineral Ventures Inc.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$1,524,599
|
| Placement agent: | Toll Cross Securities Inc.
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 21
|
| Stock price: | C$0.56 at close Dec. 7
|
| Stock price: | C$0.60 at close Dec. 21
|
|
|
| Flow-through shares
|
| Shares: | 1,707,665
|
| Price: | C$0.60
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 909,091
|
| Price: | C$0.55
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.70
|
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