Marketwire - Financial Agreements

Deepwell Announces Update on Financing

Fri, 06 Nov 2009 20:19:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 6, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Deepwell Energy Services Trust (TSX:DWL.UN) ("Deepwell" or the "Trust") is pleased to announce that it has finalized the terms of a rights offering to holders of its Units.�Deepwell will be issuing to holders of its outstanding Units of record at the close of business on November 19, 2009, transferable rights certificates to subscribe for Units before 4:30 p.m. (Calgary time) on December 18, 2009, on the terms set out in a rights offering circular dated November 5, 2009 (the "Rights Offering Circular") to be mailed by Deepwell to its unitholders.�The Rights Offering Circular will also be available on the SEDAR website at www.sedar.com. One right will be issued for each Unit outstanding and four rights will entitle the

Trafina Energy Ltd. Increases Amount to Be Raised Under Its Previously Announced Private Placement Financing

Fri, 06 Nov 2009 19:43:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 6, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Trafina Energy Ltd. ("Trafina" or "the Company") (TSX VENTURE:TFA.A) is pleased to announce that it has agreed with Acumen Capital Finance Partners Limited to increase the amount to be raised under its previously announced private placement financing of flow-through shares and units from up to $2 million to up to $2.5 million, of which $1 million will be sold on a bought-deal basis and up to $1.5 million may be sold on a best efforts basis. All other terms of the private placement announced November 5, 2009 remain unchanged.

49 North Group Announces Launch of New Flow-Through Offering and Proposed Roll-Over Transaction

Fri, 06 Nov 2009 19:30:00 EST

SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 6, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

49 North 2009 Resource Flow-Through Limited Partnership (the "2009 Fund") is pleased to announce that it has entered into an agency agreement and has filed its final prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, with the exception of Quebec, in connection with the initial public offering of up to 1,000,000 limited partnership units of the 2009 Fund at a price of $10 per unit, for gross proceeds of up to $10,000,000. The initial closing is scheduled for mid-November.

Great Western Minerals Group Closes Special Warrant Financing

Fri, 06 Nov 2009 17:30:00 EST

SASKATOON, SASKATCHEWAN--(Marketwire - Nov. 6, 2009) -

(NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES)

Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (PINK SHEETS:GWMGF) is pleased to announce that it has closed its previously announced private placement of special warrants ("Special Warrants"). Pope & Company Limited of Toronto ("Pope & Company") acted as exclusive agent for the Company with respect to the sale of 8,964,886 Special Warrants for gross proceeds of $2,510,168.08 (the "Offering").

RX Exploration Completes $2 Million Private Placement and Files Current NI 43-101 Technical Report

Fri, 06 Nov 2009 16:58:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 6, 2009) - RX Exploration Inc. (the "Company") (CNSX:RXE) is pleased to announce that it has completed private placements totaling 10,259,000 units at $0.20 per unit for gross proceeds of $2,051,800. Each unit consisted of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for two years at $0.40 per share. The expiry date shall be accelerated to thirty days from the tenth consecutive trading day on which the common shares of the Company close at or above $0.60. The securities issued are subject to a four month hold period.

JRTL Capital Corp Receives Conditional Approval for Its Qualifying Transaction and Announces Increased Private Placement Financing

Fri, 06 Nov 2009 16:37:00 EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - JRTL Capital Corp (TSX VENTURE:JRT.P) (the "Company") is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") for its qualifying transaction (the "Qualifying Transaction"), the details of which were previously announced by the Company on August 28, 2009.

The Company will acquire a 60% interest in certain mineral claims known as the Swift Katie Property located in the Nelson Mining District, British Columbia, Canada (the "Transaction"),from Valterra Resource Corporation ("Valterra"), consisting of 7,064 hectares located located near Salmo, BC in the Nelson Mining District, of the Province of British Columbia. Under the terms of the option agreement entered into with Valterra, the Company can earn a 60% undivided right title and interest in and to the claims by making cash payments to Valterra in the

Border Announces Completion of Financing

Fri, 06 Nov 2009 14:34:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 6, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Border Petroleum Inc. (NEX:BOP.H) ("Border" or the "Corporation") announces that it has completed the second closing of its previously announced private placement involving the issuance of 820,000 units at a price of $0.05 per unit for gross proceeds of $41,000 (the "Private Placement").�Each unit (the "Unit") consisted of one common share ("Common Share") and one half of one share purchase warrant (the "Warrants"), with each whole Warrant entitling the holder thereof to purchase one common share at a price of $0.10 per share for a period of one year from the date of closing.�The Private Placement was fully subscribed and the Corporation received total gross proceeds of $750,000.

P & P Data and Its Clients to Benefit From $236 Million EMR Funding Program Announced by Ontario Medical Association

Fri, 06 Nov 2009 13:00:00 EST

Company Is One Of Eleven Vendors Selected To Benefit Ontario's Citizens

Novus Energy Inc. Increases Subscription Receipts Financing to $30.0 Million

Fri, 06 Nov 2009 11:36:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 6, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Novus Energy Inc. ("Novus" or the "Company") (TSX VENTURE:NVS) is pleased to announce that the Company has reached an agreement with a syndicate of underwriters co-led by Cormark Securities Inc and GMP Securities L.P., and including Canaccord Capital Corporation, Clarus Securities Inc., CIBC World Markets Inc., Acumen Capital Finance Partners Limited, National Bank Financial Inc. and Toll Cross Securities Inc., in respect of its underwritten subscription receipt ("Subscription Receipts") financing announced on November 6, 2009 to increase the size of the financing by 7.7 million Subscription Receipts. Under the agreement, the syndicate will now purchase from Novus 46.2 million Subscription Receipts of Novus at an issue price of $0.65 per Subscription Receipt (

Norrep Performance 2009 Flow-Through Limited Partnership Raises $893,500 in Second Closing

Fri, 06 Nov 2009 11:06:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 6, 2009) -�Norrep 2009 Management Inc. announced today that Norrep Performance 2009 Flow-Through Limited Partnership (the "Partnership") has completed the second closing of its initial public offering of limited partnership units ("Partnership Units"). The Partnership issued 89,350 Partnership Units at $10.00 per Partnership Unit for gross proceeds of $893,500.�The offering was led by BMO Capital Markets and included CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., Blackmont Capital Inc., Canaccord Capital Corporation, Haywood Securities Inc., Raymond James Ltd. and Wellington West Capital Markets Inc.�The Partnership has now raised, over two closings, total gross proceeds of $6,293,500.

Nitinat Minerals Corporation Announces Closing of Private Placement

Fri, 06 Nov 2009 11:03:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 6, 2009) - Nitinat Minerals Corporation (the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") of an aggregate of 25,000 units (each, a "Unit") at the price of $0.40 per Unit for total gross proceeds of $10,000 to two (2) non arm's length parties. Each Unit is comprised of one common share of the Company and one-half of one Series A common share purchase warrant (a "Series A Warrant"). Each whole Series A Warrant will entitle the holder to purchase one additional common share of the Company at $0.60 per share until November 5, 2010.

Novus Energy Inc. Enters Into $25 Million Subscription Receipts Financing and Closes Previously Announced Asset Acquisitions

Fri, 06 Nov 2009 08:31:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 6, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Novus Energy Inc. ("Novus" or the "Company") (TSX VENTURE:NVS) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Cormark Securities Inc. ("Cormark") and GMP Securities L.P., and including Canaccord Capital Corporation, Clarus Securities Inc., CIBC World Markets Inc., Acumen Capital FINANCE Partners, National Bank Financial Inc. and Toll Cross Securities Inc. (collectively the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale to the public, on an "underwritten" basis, from Novus an issue of 38,500,000 subscription receipts (the "Subscription Receipts") at a price of $0.65 per Subscription Receipt for aggregate gross proceeds of $25.0 million (the "Offering").

Castle Gold Announces Terms of Private Placement

Fri, 06 Nov 2009 08:30:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 6, 2009) - CASTLE GOLD CORPORATION ("Castle Gold") (TSX VENTURE:CSG) is pleased to release the terms of its private placement (previously announced on October 28th, 2009). Castle Gold will seek to raise up to C$3,684,210 in a non-brokered private placement of common shares, at a subscription price of C$1.00 per share. No Warrants will be offered in connection with this private placement. The proceeds from the financing will be used for Castle Gold's enhanced production expansion at El Castillo and to pay one-time expenses associated with Castle Gold's proposed acquisition by Argonaut Gold Inc. (previously announced on October 28th, 2009).

GLG Life Tech Corporation Announces Equity Financing and NASDAQ Listing Application

Fri, 06 Nov 2009 06:10:00 EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - GLG Life Tech Corporation ("GLG" or the "Company") (TSX:GLG) announced today that it has filed a registration statement in the United States concurrently with a preliminary short form prospectus in all of the provinces of Canada, except Quebec. This will constitute the Company's initial public offering of common shares in the United States (the "U.S. IPO"). The Company proposes to offer 3,625,000 common shares (the "Offering"). In connection with its U.S. IPO, GLG has received conditional approval to list its common shares on the NASDAQ Global Market under the symbol "GLGL". Listing of the common shares on NASDAQ will be subject to GLG fulfilling all applicable listing requirements.

Kinross Announces Unsecured US$450 Million Credit Facility

Thu, 05 Nov 2009 17:40:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) - Kinross (TSX:K)(NYSE:KGC)announced today that it has entered into an amended revolving credit facility which includes an increase of available credit to US$450 million, on an unsecured basis, from US$404 million under its previous secured facility. The new facility will expire in November of 2012. The term loan for the Paracatu property forms part of the revolving credit facility, and that credit will be available to the Company as the term loan is repaid. The new credit agreement was led and arranged by Scotia Capital and by Bank of America Merrill Lynch.

Trafina Energy Ltd. Announces Plan to Raise Up to $2 Million Through Private Placement Financing

Thu, 05 Nov 2009 17:25:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 5, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Trafina Energy Ltd. ("Trafina" or "the Company") (TSX VENTURE:TFA.A)�is pleased to announce that it has entered into an agreement with Acumen Capital Finance Partners Limited to sell up to $2 million of securities, of which $1 million will be sold on a bought-deal basis and the remainder on a best efforts basis. The securities will be offered for sale pursuant to applicable exemptions in certain provinces of Canada.

Voice Mobility Closes Note Financing

Thu, 05 Nov 2009 16:21:00 EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2009) - Voice Mobility International, Inc. (TSX:VMY)(OTCBB:VMII)(FRANKFURT:VMY), a Vancouver based developer and provider of carrier and enterprise unified communication solutions, today announced it has closed a unit financing for gross proceeds of $120,000.

Each unit consisted of a one-year 10% promissory note (each, a "Note") and one common share purchase warrant for each $1.00 of the principal amount of each Note. Each share purchase warrant will entitle the holder to purchase one common share at the price of Cdn$0.25 per share for a period of three years from the closing of the private placement. Additionally, 42,857 common shares were issued to a finder on the same terms as noted above.

Oromin Explorations Ltd. Enters Into a Bought Deal Agreement for Gross Proceeds of $6 Million

Thu, 05 Nov 2009 16:02:00 EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Oromin Explorations Ltd. ("Oromin" or the "Company") (TSX:OLE)(OTCBB:OLEPF) today announced that it has entered into an agreement with a syndicate of underwriters�led by Research Capital Corporation including Toll Cross Securities Inc .and Clarus Securities Inc. (the "Underwriters") whereby the Underwriters will purchase, on a bought deal basis, 7,059,000 common shares ("Common Shares") from Oromin at a price of $0.85 per Common Share for aggregate gross proceeds of $6,000,150 (the "Offering").�

Mustang Announces Non-Brokered Private Placement

Thu, 05 Nov 2009 15:51:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) - Mustang Minerals Corp. ("Mustang")(TSX VENTURE:MUM) is pleased to announce that it plans to complete a non-brokered private placement (the "Offering") of up to $1,000,000 of common shares of Mustang issued on a "flow-through" basis (the "Flow-Through Shares"). The Offering will be made pursuant to exemptions from the prospectus requirements of the applicable securities laws. The Flow-Through Shares issued will be subject to a hold period of four months and one day from date of closing.

ZoomerMedia Limited Amends Terms of Fairfax Private Placement

Thu, 05 Nov 2009 13:39:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) - ZoomerMedia Limited ("Zoomer") (TSX VENTURE:ZUM) today announced that Zoomer and Fairfax Financial Holdings Limited ("Fairfax") have agreed to amend the terms of the previously announced agreement pursuant to which Fairfax intends to invest $17.6 million in Zoomer on a private placement basis. The amendments have been made in order to ensure that the investment by Fairfax complies with the requirements of the CRTC relating to foreign ownership.

Active Control Prices Prospectus Offering

Thu, 05 Nov 2009 12:56:00 EST

BURLINGTON, ONTARIO--(Marketwire - Nov. 5, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES

Active Control Technology Inc. ("Active Control" or the "Company") (TSX VENTURE:ACT) announced today that, further to its press release dated October 14, 2009, it intends to raise a minimum of $2,500,000 pursuant to its short form prospectus offering through the sale of Units priced at $0.06 per Unit.�Each Unit will consist of one common share and one common share purchase warrant ("Warrant") exercisable for one common share for 60 months at $0.10 per share.

Purepoint Uranium Group Inc: Arranges $1,000,000 Flow-Through Financing

Thu, 05 Nov 2009 11:43:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Purepoint Uranium Group Inc. (TSX VENTURE:PTU) is pleased to announce that it has arranged a private placement of 5,000,000 units ("Units") at a price of $0.20 per Unit for gross proceeds of $1,000,000 to a group of investors including MineralFields Group. Each Unit will consist of one flow-through common share of Purepoint and one-half of a warrant ("Warrant"). Each whole Warrant will entitle its holder to acquire one non-flow-through common share of Purepoint for a period of 24 months from the date of issuance, at a price of $0.25 per share during the first 12 months and $0.30 per share during the second 12 months. All securities issued under this private placement are subject to resale restrictions until March 7, 2010.

Grayd Closes Financings

Thu, 05 Nov 2009 11:29:00 EST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2009) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Grayd Resource Corporation (TSX VENTURE:GYD) ("Grayd" or the "Company") is pleased to announce that it has closed financings previously announced on October 7, 2009 with Canaccord Capital Corporation (the "Agent"). The Company has closed the financing by way of TSX Venture Exchange Short Form Offering Document by completing the sale of 5,000,000 units (the "Units") at a price of $0.40 per Unit for gross proceeds of $2,000,000 (the "Short Form Offering"). Each Unit consists of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder

Linear Gold Corp. Announces Terms of Equity Offering

Thu, 05 Nov 2009 10:49:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

In connection with its previously announced public offering on November 4, 2009, Linear Gold Corp. (TSX:LRR) (the "Company") announced today that it has entered into an agency agreement with a syndicate of agents led by Cormark Securities Inc. and including Haywood Securities Inc., Jennings Capital Inc. and Toll Cross Securities Inc., to sell 9,050,000 Units at a price of C$2.10 per Unit and 520,000 flow-through Common Shares at a price of C$2.40 per share to raise gross proceeds of C$20,253,000 pursuant to a short form prospectus.�Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Wa

Government of Canada Awards Contract to Rehabilitate the Chaudiere Crossing

Thu, 05 Nov 2009 10:00:00 EST

GATINEAU, QUEBEC--(Marketwire - Nov. 5, 2009) - The Honourable Christian Paradis, Minister of Public Works and Government Services, today announced the next step in the rehabilitation of the historic Chaudiere Crossing. "This Government is investing in federal infrastructure from coast to coast-creating jobs today while building a lasting legacy of infrastructure for generations to come," said Minister Paradis. "Canada's Economic Action Plan allocated $42 million to four PWGSC-owned bridges and I am proud to say all of those projects have now been contracted."

Le gouvernement du Canada attribue un contrat pour remettre en �tat le pont des Chaudi�res

Thu, 05 Nov 2009 10:00:00 EST

GATINEAU, QUEBEC--(Marketwire - 5 nov. 2009) - L'honorable Christian Paradis, ministre des Travaux publics et des Services gouvernementaux, a annonc� aujourd'hui la prochaine �tape dans la remise en �tat du pont historique des Chaudi�res. "Le gouvernement investit dans les infrastructures f�d�rales d'un oc�an � l'autre; il cr�e des emplois aujourd'hui en vue de l�guer un h�ritage pour les g�n�rations futures", a d�clar� le ministre Paradis. "Le Plan d'action �conomique du Canada a affect� 42 millions de dollars pour la restauration de quatre ponts administr�s par TPSGC et je suis fier de dire que l'on a maintenant attribu� des contrats pour tous ces projets."

Trevali Plans $7-Million Private Placement Financing

Thu, 05 Nov 2009 09:15:00 EST

Receives Key Environmental Impact Permit from Peruvian Ministry of Energy and Mines

Shear Wind Inc. Announces Closing of Private Placement

Thu, 05 Nov 2009 09:00:00 EST

HALIFAX, NOVA SCOTIA and CALGARY, ALBERTA--(Marketwire - Nov. 5, 2009) - Shear Wind Inc. ("Shear Wind") (TSX VENTURE: SWX) announces the successful closing along with the final TSX Venture Exchange approval of the private placement ("Private Placement") with Genera Avante Holdings Canada Inc. ("GAHC"), an indirectly owned subsidiary of Inveravante Inversiones Universales, S.L. ("Inveravante"), resulting in the issuance of 96,439,595 common shares of Shear Wind to GAHC at a price of $0.2792 per common share such that GAHC now holds approximately 62% of the common shares of Shear Wind, on a fully-diluted basis. All securities of Shear Wind issued in connection with the Private Placement are subject to a hold period of four months plus one day from the date of issue pursuant to applicable securities laws in Canada.�The details of the Private Placement were previously announced on October 14, 2009.

Phoenix Technology Income Fund Announces Bought Deal Financing

Thu, 05 Nov 2009 08:18:00 EST

CALGARY, ALBERTA--(Marketwire - Nov. 5, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Phoenix Technology Income Fund (TSX:PHX.UN) ("Phoenix") is pleased to announce that it has entered into an agreement to sell, on a "bought deal" basis, to a syndicate of underwriters, 2.0 million trust units ("Trust Units") at $7.50 per Trust Unit for aggregate gross proceeds of $15.0 million (the "Offering"). The syndicate of underwriters will be led by Peters & Co. Limited and will include Cormark Securities Inc., CIBC World Markets Inc. and FirstEnergy Capital Corp.

Etrion Closes Acquisition of 4 MW Italian Solar Power Project and 17 million Euro Debt Financing

Thu, 05 Nov 2009 07:00:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) - Etrion Corporation ("Etrion" or the "Company") (TSX:ETX), a Canadian energy company, has closed the financing for the construction of four solar power plants in southern Italy with an aggregate capacity of four megawatts (MW). The ground-based solar photovoltaic power plants, once built, will generate approximately 6.8 million kilowatt hours (kWh) per year, enough electricity to power more than 650 homes. The Company arranged the financing with Centrobanca, an Italian bank owned by the UBI Group. The total project cost is approximately EUR 20.7 million, and the non-recourse loan provided by Centrobanca is for EUR 17.2 million or 83% of the anticipated cost. Concurrent with the financing, a subsidiary of Etrion committed the balance of EUR 3.5 million.

La communaut� Cri de Nemaska investi dans Exploration Nemaska Inc.

Wed, 04 Nov 2009 23:30:00 EST

QUEBEC, QUEBEC--(Marketwire - 4 nov. 2009) - Exploration Nemaska Inc. (la compagnie) annonce que Nemaska Development Corporation, une entit� d�tenue en totalit� par la Nation Cri de Nemaska, a accept� de souscrire jusqu'� 600,000 $ en actions de la Compagnie. Le 27 octobre 2009, la Compagnie a conclu une convention de souscription (la "Convention NDC") avec Nemaska Development Corporation ("NDC"), une entit� d�tenue en totalit� par la Nation Cri de Nemaska. En vertu de la Convention NDC, la Compagnie a accept� d'�mettre en faveur de NDC, 3,000,000 actions en contrepartie d'une somme de 300,000 $. Une premi�re tranche de 175,000 $ a �t� pay�e et 1,750,000 actions ont �t� �mises. Le solde de la souscription (125,000 $) est payable sur r�ception d'un visa de prospectus provisoire de la part de l'Autorit� des March�s (50,000 $) et le solde (75,000 $) sur r�ception d'un visa de prospectus d�finitif de la part de l'Autorit� des March�s, au plus tard le 30 novembre 2009. Au surplus, NDC s'

Cree Community of Nemaska Invests in Nemaska Exploration Inc.

Wed, 04 Nov 2009 23:28:00 EST

QUEBEC CITY, QUEBEC--(Marketwire - Nov. 4, 2009) - Nemaska Exploration Inc. (the Corporation) announces that the Nemaska Development Corporation, an entity wholly owned by the Cree Nation of Nemaska, has agreed to subscribe up to $600,000 in the capital stock of the Company. On October 27, 2009, the Corporation has entered into a subscription agreement (the "NDC Subscription Agreement") with Nemaska Development Corporation ("NDC") an entity wholly owned by the Cree Nation of Nemaska. Pursuant to the NDC Subscription Agreement, the Corporation has agreed to issue 3,000,000 Common Shares in favour of NDC for an aggregate subscription price of $300,000. A first tranche of $175,000 has been paid and 1,750,000 shares have been issued. The balance of the subscription ($125,000) is payable upon issuance by the Autorite des marches financiers of a receipt for a preliminary prospectus ($50,000) and the balance, ($75,000) upon issuance by the Autorite des marches financiers of a receipt for t