TORONTO, Aug. 31, 2012 /CNW/ – NWM Mining Corporation (“NWM” or the “Company”) announces that it has made a US $1.5 million payment due August 31, 2012 pursuant to the terms of the second amended and restated promissory note dated effective October 26, 2011 and the promissory note dated June 12, 2009, as amended. In conjunction with this loan repayment a drawdown of additional funds totalling US $1.0 million was made under the Company’s revolving credit facility.
Total remaining debt outstanding under the combined credit facilities is US $18.0 million.
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.
