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Market: TSX-V
Sector: General Mining
Epic: NTC
News: Latest news
Web Site: North American Tungsten
Other Articles: 16-11-200923-10-200927-07-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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North American Tungsten

North American Tungsten

North American Tungsten Corporation Ltd. is the Western World's largest producer of tungsten concentrate, a strategic industrial metal required in a wide variety of products ranging from jet turbine engines and high-speed cutting tools to electronic circuitry and surgical instruments.

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Monday, July 27, 2009

North American Tungsten raises C$6 mln in private placement, renews credit facilities

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North American Tungsten Corp Ltd (TSX-V: NTC) said it has negotiated a private placement of 40 million shares at a price of C$0.15 each with insiders and private investors, raising C$6 million.

It will use the money as working capital and to repay the C3 million convertible loan.

It also announced the renewal and increase to its credit facilities with HSBC. In addition to the existing facilities, it now has a new C$500,000 non-revolving equipment loan and an increased electronic funds transfer line of up to C$750,000.

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