Press Release
NioGold Mining Corporation
Symbol: NOX: TSX-V
NIOGOLD ANNOUNCES BROKERED AND NON-BROKERED
PRIVATE PLACEMENT
Val-d'Or, Quebec, March 5, 2007.
NioGold Mining Corporation ("NioGold") (or the
"Company") announces that it has arranged a brokered private placement
with a syndicate of agents led by Pacific International Securities Inc. and
including Canaccord Adams (the \"Agents\") to raise gross proceeds of up to
$5,200,250.
The offering will consist of up to
6,667,000 flow-through units and up to 6,286,000 non flow-through units.
Each flow through unit will be priced at $0.45 and consist of one flow-through
common share and one-half of one transferable common share purchase
warrant. Each non flow-through unit will be priced at $0.35 and consist of
one non flow-through common share and one-half of one transferable common share
purchase warrant. Each full warrant attached to the flow-through and non
flow-through units will entitle the holder to purchase one additional non
flow-though common share of NioGold at a price of $0.70 for a period of 18
months from closing.
The Agents will receive a cash commission
of 7% of the gross proceeds of the brokered offering, payable in a combination
of cash and/or non flow-through units at the election of the Agents. The Agents
will also be granted compensation options entitling the holder to purchase
common shares equal to 10% of the aggregate number of flow-through units and non
flow-through units sold under the brokered offering at a price of $0.45 per
common share for a period of 18 months from closing.
The Company also announces a non-brokered
private placement for up to $800,000. The non-brokered offering will
consist of up to 2,285,715 non flow-through units, with such units having the
same terms as the non flow-through units to be issued in the brokered
offering.
All securities issued pursuant to the
private placement will be subject to a four month hold period. The offering
remains subject to the approval of the TSX Venture Exchange.
The gross flow-through funds raised from
the issuance of the flow-through units will be used for general exploration
expenditures which will constitute Canadian exploration expenses (as defined in
the Income Tax Act) and will be renounced for the 2007 taxation
year.
The funds raised from the issuance of non
flow-through units offering will be used for general working capital
purposes.
The TSX Venture Exchange has not
reviewed, and does not accept responsibility for the adequacy or accuracy of the
content of this news release.
This news release does not constitute
an offer to sell or a solicitation of an offer to sell any of 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 state 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.
NioGold Mining Corporation
- � The Golden Highway Runs Through NioGold
�
NioGold Mining Corporation is a junior
exploration company primarily focused on GOLD. The Company's main
properties are the Camflo West and the Marban Block located in the Malartic and
Val-d'Or Mining Camps, Quebec.
NioGold's experienced and qualified
technical team will ensure the successful advancement of the Company's projects
towards the highest quality mineral resources. NioGold invites you to visit the
company website at www.niogold.com. For
information on NioGold Mining Corp. contact:
Coal Harbor Communications
NioGold Mining Corp.
Suite 701, 555 Jervis Street Jacques
Brunelle
Vancouver BC Canada V6E 4N1 Investor
Relations
dale@coal-harbor.com
jbrunelle@niogold.com
Tel: 1+ (604) 662-4505
Tel: 1+ (819) 856-1387
Fax: 1+ (604)
662-4547
 
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Niogold Mining Corp
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EXPLORATEUR |
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CODE : NOX.V |
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ISIN : CA6544851018 |
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Niogold est une société d’exploration minière d'or basée au Canada. Niogold détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont MALARTIC BLOCK, CAMFLO WEST, KIERENS, LE TAC, MARBAN MINE, BLONDEAU-GUILLET, BOYVINET et PUMP LAKE au Canada. Niogold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 56,3 millions CA$ (42,5 millions US$, 38,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2003 à 0,74 CA$, et son plus bas niveau récent le 19 décembre 2008 à 0,04 CA$. Niogold possède 130 820 008 actions en circulation. |