North American Tungsten Corporation Ltd.
TSX VENTURE : NTC

North American Tungsten Corporation Ltd.

August 07, 2008 09:10 ET

North American Tungsten Corporation Ltd. Closes CDN $5,004,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2008) -

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

NORTH AMERICAN TUNGSTEN CORPORATION LTD. ("NTC" or the "Company") (TSX VENTURE:NTC) is pleased to announce that it has closed its public offering (the "Offering") of 4,170,000 flow through common shares of the Company (the "Common Shares") at a price of $1.20 per Common Share gross proceeds of $5,004,000 through Haywood Securities Inc. (the "Agent"), who acted as agent for the Company.

As partial consideration for the services of the Agent in connection with the Offering, the Company has issued to the Agent 250,200 share purchase warrants (the "Agent's Warrants"). Each Agent's Warrant will entitle the holder to purchase one common share of the Company exercisable at a price of $1.20 at any time prior to 4:00 p.m. (Vancouver time) on August 7, 2009.

The Offering was made pursuant to a short form prospectus filed in the provinces of British Columbia, Alberta and Ontario. The securities to be offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons absent registration or in accordance with an applicable exemption from the registration requirements.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen M. Leahy, Chairman & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • North American Tungsten Corporation Ltd.
    Toni Williamson
    Investor Contact
    Vancouver: (604) 684-5300 / Toronto: (416) 602-2665
    (604) 684-2992 (FAX)
    Email: info@natungsten.com
    Website: www.natungsten.com