TSX Venture Exchange
Symbol: NWM
TORONTO, Oct. 31, 2013 /CNW/ - NWM Mining Corporation
("NWM" or the "Company") (TSXV: NWM) announces that it has
extended the due date of the current debt outstanding from
September 30, 2013 to November 30, 2013. The extension provides a
further one month (see the Company's press release dated
October 1, 2013) for the ongoing
negotiations to be concluded with the Company's lender (Renvest
Mercantile Bancorp through its Global Resources Fund), as set out
in the Company's press release dated June
14, 2013. All other terms as were announced previously
remain in place including the September 30,
2014 maturity date for the amended and restated credit
agreement.
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. Management believes the
property is significantly under-explored and hosts potential to
provide further gold discoveries and resource and reserve upgrades.
While management has focused in the past on developing the mine and
supporting cash flows, the focus in 2013 will shift to increasing
mining rates and drilling to expand geological resources and
reserves.
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.
SOURCE NWM Mining Corporation