TORONTO, ONTARIO, Sep 30, 2015 (Marketwired via COMTEX) — NWM Mining Corporation ("NWM" or the "Company") (NWM), GFM Mineria, S.A.P.I. de C.V. ("GFMM"), and SFM Holding, S.A.P.I. de C.V. ("SFM") announce today that the previously announced plan of arrangement (the "Arrangement") among NWM, GFM, SFM, and the Company's lender, Global Resource Fund ("Global") has been completed. As previously announced, orders were received from the Ontario Superior Court of Justice (Commercial List) approving the Arrangement and NWM shareholders overwhelmingly voted in favour of the Arrangement. Under the Arrangement, NWM shareholders will receive Cdn$0.005 in cash for each NWM common share held.
GFMM now owns 554,101,777 common shares of NWM, representing all of the issued and outstanding common shares. An application has been made to the TSX-V to delist the NWM common shares, which is expected to occur at the close of trading on October 1, 2015.
If you are a holder of NWM common shares and your shares are registered in the name of a broker, investment dealer, bank, trust company or other nominee, contact that entity for instructions and assistance in delivering your shares and receiving sale proceeds. If you are a registered holder of shares, complete, sign and arrange for delivery of the Letter of Transmittal which can be found under the Company's name at the SEDAR website below or on the Company's website.
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.
Additional information about NWM can be found on the NWM website atwww.nwmmining.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 press release.
Shares Issued: 554,101,777
Contacts:
If you have any questions please contact
Salvador Miranda
(604) 925 2839
SOURCE: NWM Mining Corporation
Original Article: http://www.marketwatch.com/story/nwm-mining-corporation-completes-arrangement-2015-09-30-191735743
