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Niblack Mineral Development Inc.

Published : January 04th, 2012

Announces Private Placement

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Niblack Mineral Development Inc. Announces Private Placement

Niblack Mineral Development Inc. (�Niblack� or the �Company�) (TSX Venture Exchange: NIB) is pleased to announce a non-brokered private placement offering (the �Offering�) for gross proceeds of $475,000, comprised of 2,500,000 common shares (the �Common Shares�) of the Company at a price of $0.19 per Common Share, which is scheduled to close on or about December 30, 2011 (the �Closing�).  Niblack retained PI Financial Corp. (the �Agent�) to help affect sales of the Common Shares and the Agent will be paid a commission of 10% of the gross proceeds realized on the Common Shares sold by the Agent.  Closing of the Offering is subject to the receipt of all applicable regulatory approvals, including final approval of the TSX Venture Exchange.  The Common Shares will be subject to a resale restriction for a period of four months plus one day from Closing.

The proceeds of the Offering will be used for general working capital for the Niblack Project in South East Alaska and to close the arrangement involving Heatherdale Resources Ltd. previously announced on October 26, 2011.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE �U.S. SECURITIES ACT�) OR ANY STATES SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (NIB: TSX-V) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Company�s principal asset is its interest in the advanced stage copper-gold-zinc-silver Niblack Project.  This project is currently in a joint venture operated by Heatherdale Resources Ltd.

For further details, please visit the company website at www.niblack.com or contact investor services at (604) 697-2861.  Niblack Mineral Development Inc. is a member of the Discovery Group of companies.  For more information on the group visit www.discoveryexp.com.

On behalf of the Board of Directors

John Williamson
President & CEO of Niblack

 

Niblack Mineral Development Inc.

PRODUCER
CODE : NIB.V
ISIN : CA65365X1096
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Niblack Mineral is a zinc and gold producing company based in Canada.

Niblack Mineral holds various exploration projects in Australia and in Canada.

Its main assets in production are 3 BLUFFS in Canada and JAURDI HILLS in Australia and its main exploration properties are BORDEN and NIBLACK in Canada and JAURDI HILLS (BLACK CAT) in Australia.

Niblack Mineral is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 15.5 millions as of today (US$ 15.5 millions, € 11.6 millions).

Its stock quote reached its highest recent level on January 23, 2004 at CA$ 9.95, and its lowest recent point on December 23, 2011 at CA$ 0.16.

Niblack Mineral has 35 977 000 shares outstanding.

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Annual reports of Niblack Mineral Development Inc.
2008 Annual Report
Financings of Niblack Mineral Development Inc.
1/4/2012Announces Private Placement
Project news of Niblack Mineral Development Inc.
1/12/2012Announces Security holder Approval for Arrangement with Heat...
12/1/2011(Niblack)Supports As Heatherdale Explores Niblack Project Partnership...
8/31/2011(Niblack)Joint Venture Partner Completes Requirments To Secure 60% In...
8/22/2011Joint Venture Receives Priority Permitting Approval From US ...
3/16/2011(Niblack)Larger Niblack Mine Estimates Released
7/13/2010(Niblack)Expands Precious Metals-Enriched VMS Deposit
5/6/2008(Commitee Bay)Exploration Program Set for 2008 Committee Bay Greenstone Be...
4/30/2008(Coolgardie)Concludes Sale of Coolgardie Gold Project for Total Consider...
4/15/2008(Coolgardie)Focus Minerals Shareholders Approve Acquisition of Committee...
3/13/2008(Commitee Bay)Significant Resource Upgrade for Three Bluffs Deposit Commit...
2/19/2008(Coolgardie)Further Resource Upgrade For High-Grade Perseverance Gold De...
1/30/2008(Redemption)Enters Exclusivity Agreement Redemption Joint Venture Proje...
12/20/2007(Redemption)Perseverance Feasibility Study Yields Positive Result Base C...
12/12/2007Further High Grade Drill Results from Perseverance Deposit
10/31/2007(Commitee Bay)Final 2007 Three Bluffs Drilling Results: 9.29 g/t Au over 8...
10/9/2007Upgraded Resource Within the "Tindals Gold Mining Centre"
9/13/2007(3 Bluffs)Three Bluffs Drilling Continues to Expand Resource Potential
9/5/2007New High Grade Intersections Increase Size Potential of Inuk...
Corporate news of Niblack Mineral Development Inc.
1/19/2012Announces Acquisition by Heatherdale Resources Ltd.
12/16/2011Mails Information Circular
11/29/2011(Niblack)Joint Venture Announces 31% Increase To Total Mineral Resour...
10/26/2011(Niblack)Definitive Agreement Reached between Niblack and Heatherdale
7/28/2011(Niblack)Drilling Continues To Intersect & Expand Mineralization At N...
3/7/2011Announces 54% Increase to Mineral Resources
5/6/2010Amends Warrant Terms
7/30/2008Acquire Key Areas on Borden Project Airborne Magnetics Surve...
6/20/20082008 Committee Bay Exploration Program Initiated
2/6/2008 Will Be Exhibiting at the 2008 Phoenix Resource Investment ...
11/6/2007 Present at the 2007 Money Talks Conference
11/5/20072007 President'sLetter and Corporate Update
10/18/2007 to present at Toronto and New Orleans Investment Conference...
9/14/2007Drill Program Extended at Three Bluffs Deposit
9/6/2007Three Bluffs Drilling Delivers Outstanding Intercepts 19.44 ...
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TSX-V (NIB.V)
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Explores for Copper - Diamonds - Gold - Lead - Silver - Zinc
 
 
 
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