July 03, 2008 10:18 ET

Normabec Closes $ 1,65 M Non-Brokered Private Placement

ST-BRUNO, QUEBEC--(Marketwire - July 3, 2008) - Normabec Mining Resources Ltd. (TSX VENTURE:NMB)(FRANKFURT:N6M) ("Normabec" or "the Company"), has closed a non-brokered private placement of 4,714,571 units of the company at a price of $0.35 per unit for gross proceeds of $1,650,099.85.

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 November 3, 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 $77,955 in cash to certain registrants as a finder's fee related to the private placement.

The Corporation would like to correct its press release dated June 16, 2008 announcing the closing of a Private Placement. The gross proceeds of the offering were $1,373,100 instead of $1,390,600 and the Corporation paid commissions totaling $52,905 instead of $53,780.

In other news, the Company granted 400,000 incentive stock options at an exercise price of $0.40 per share to one employee and one consultant in accordance with the Corporation's Stock Option Plan and the policies of the TSX Venture Exchange.

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

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