North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

November 30, 2009 08:12 ET

CORRECTION FROM SOURCE: North American Tungsten Corporation Ltd. Completes Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2009) –

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

A correction from source is being issued with respect to the press release that was disseminated on November 30, 2009 at 7:30 ET. The first paragraph stated "the Common Shares issued by the Company are subject to a hold period that expires on February 28, 2010". This should have read "the Common Shares issued by the Company are subject to a hold period that expires on March 28, 2010". The complete and corrected version of the press release follows:

NORTH AMERICAN TUNGSTEN CORPORATION LTD. (the "Company") (TSX VENTURE:NTC) announces that it has completed the CAD$3,065,000 private placement financing announced on November 23, 2009. The Company issued a total of 20,433,333 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 March 28, 2010 in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange.

The proceeds of the private placement will be used for working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen M. Leahy, Chairman & CEO

Cautionary Note: The Company relies upon litigation protection for "forward-looking" statements.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • North American Tungsten Corporation
    INVESTOR CONTACT
    604-684-5300
    604-684-2992 (FAX)
    info@natungsten.com