EDMONTON, ALBERTA--(Marketwire - Aug. 17, 2012) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Northern Tiger Resources Inc. (TSX VENTURE:NTR) announces that it has closed a non-brokered private placement for gross proceeds of $60,000. The Company issued 250,000 units at $0.12 per Unit which consists of one common share plus one-half share purchase warrant and issued 214,285 shares as "flow through shares" ("FT Shares") at a subscription price of $0.14 per FT Share. One whole share purchase warrant is exercisable at $0.18 per share and expires in two years from date of issue.
All securities to be issued will be subject to a four month hold period. The gross proceeds will be used for exploration on Northern Tiger's 3Ace Property in the southeast Yukon. Closing of the placement is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.
Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Neither 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 or accuracy of this release.