TSX Venture Exchange
Symbol: NWM
TORONTO,
Dec. 2, 2013 /CNW/ - NWM Mining
Corporation ("NWM" or the "Company") (TSX-V: NWM) announces
that it has extended the due date of the current debt outstanding
from November 30, 2013 to
January 31, 2014. The extension
provides a further two months (see the Company's press releases
dated October 31 and October 1, 2013) for the ongoing negotiations to
be concluded with the Company's lender (Renvest Mercantile Bancorp
through its Global Resources Fund), as set out in the Company's
press release dated June 14, 2013.
All other terms as were announced previously remain in place
including the September 30, 2014
maturity date for the amended and restated credit agreement.
About NWM Mining Corporation
NWM is in commercial gold production at its
wholly owned Lluvia-Jojoba gold mine. The mine is an open pit heap
leach operation in Sonora State,
Mexico. Management believes the
property is significantly under-explored and hosts potential to
provide further gold discoveries and resource and reserve upgrades.
While management has focused in the past on developing the mine and
supporting cash flows, the focus in 2013 will shift to increasing
mining rates and drilling to expand geological resources and
reserves.
Additional information about NWM can be found on
the NWM website at www.nwmcorp.ca or on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of this release.
SOURCE NWM Mining Corporation