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.


Normabec Mining Resources Com Npv (TSXV:NMB)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Normabec Mining Resources Com Npv Charts.
Normabec Mining Resources Com Npv (TSXV:NMB)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Normabec Mining Resources Com Npv Charts.